Tagged: germany

GLS Crowdfunds €300,000 for Wind Energy

The GLS crowd, the first crowdfund platform initiated by a bank, has successfully funded their second project since their platform launch on 1 February 2017. Dachsbach UG & Co. KG, a Bavarian wind farm, was able to collect their target of €300,000 in only 14 hours…. Read More

No Sour Grapes: Online Marketplace Raisin’s €3 Billion+ in Investments

Only three and a half years after its launch as WeltSparen in Germany, Raisin, the online marketplace for savings products, counts more than €3 billion in investments done on the platform. Raisin secured €60 million in several financing rounds from investors including Index Ventures, Ribbit Capital and Thrive Capital…. Read More

Kreditech Appoints Senior Global Bankers to Advisory Board

Online lender Kreditech has appointed two senior bankers to its advisory board. Former CEO of Vanquis Bank, Michael Lenora and CEO of OneSavings Bank, Andy Golding will now help provide guidance to the Hamburg-based Fintech tirm. Kreditech, a consumer lender and “Credit as a Service”… Read More

New Solar Crowdfunding Platform Ecoligo Launches Kenya Project

Berlin-based ecoligo, a crowdfunding startup for solar projects in emerging markets, has opened to investors today with an offer to back a 66 kWp solar installation for a flower farm in Thika, Kenya. ecoligo is seeking a total investment of €107,000 that will fund the… Read More

German Crowdfunding Association Sets Reporting Standards Above & Beyond Legal Requirements

In a move designed to firmly establish the credibility of the investment crowdfunding sector in Germany, the German Crowdfunding Association (Bundesverband Crowdfunding) announced that its 21 member platforms have adopted common, and quite stringent standards for reporting to investors. These definitely raise the bar for crowdfunding standards… Read More

German & Austrian SMEs Look to Online Lender Finnest to Finance Growth

Finnest, an SME or “Mittelstand spezialist,” is helping Austria-based Biogena to fund its expansion in Germany. Finnest is a new online lending platform that accepts both individual and institutional investors. Finnest allows investors the ability to lend money to smaller businesses in a rate-auction process. Investors… Read More

Credi2, Creator of Cashpresso, Receives €2 Million in Funding

Vienna-based Fintech firm cashpresso has raised €2 million in funding led by Reimann Investors and Deiter von Holtzbrinck. Existing investors Speedinvest, Hansi Hansmann and the Runtastic founders also participated in this funding round. Cashpresso is part of Credi2 GmbH. Along with Deutsche Handelsbank, cashpresso offers immediate credit of… Read More

Bitbond Raises $1.2 million to Fuel Global Expansion of SME Lending

Bitbond has raised $1.2 million in equity capital to help boost global expansion. The Berlin-based online lending platform has now raised total funding of $2.3 million. The funding round was led by mobilike founder Şekip Can Gökalp, plus several angels investors including, Fyber founders Janis Zech… Read More

Brief: BlackRock Enters Joint Venture with German Fintech Platform Youvestor

BlackRock (BLQA) has entered into a joint venture with Germany fintech robo-operator platform Youvestor, according to a press release. BlackRock is primarily aiming the venture to insurance agents, brokers and financial advisors,  distributing its products directly through Youvestor to both end-users and consultants. Mediators will enjoy complete customer and stock protection and obtain a… Read More

Big Ticket Borrowing: Midsized Companies Turn to Marketplace Lending at Lendix & Creditshelf

At the onset of the marketplace lending market, lending to businesses was equated with lending to small and very small businesses: businesses at the low end of the small and medium-size enterprise (SME) market who were borrowing on average under €100,000.  However, as the alternative lending… Read More

German Fintech Startup Tradico Receives €1 Million Investment From Former Deutsche Bank COO Henry Ritchotte

German fintech startup, Tradico, announced on Monday it received a €1 million investment from former COO and board member of Deutsche Bank, Henry Ritchotte. This investment comes just a few months after Tradico received a €2.5 million investment from Dieter von Holtzbrinck Ventures, Earlybird Venture Capital, and SpeedInvest. Speaking about… Read More

OurCrowd Teams Up with Adi Dassler International Family Office Backed Sports Accelerator LeAD

OurCrowd, a leading global equity crowdfunding platform, has formed a partnership with LeAD, a sports tech accelerators based in Germany. LeAD is backed by Adi Dassler International Family Office (ADIFO), known best for the heritage of the Adidas brand name. The partnership was created to… Read More

GLS Bank Launches Crowdfunding Platform in Partnership with CrowdDesk GmbH

GLS Bank has launched an equity crowdfunding platform in collaboration with CrowdDesk claiming the title of the first German bank to enable sustainable projects to be financed by the crowd. According to the GLS Crowd website the two partners will each focus on what they… Read More

Payment Provider Klarna Purchases BillPay

Klarna, one of Europe’s leading payment providers, has acquired Berlin-based BillPay thus expanding its reach in Europe. BillPay operates in Germany, Austria, and Switzerland. Klarna works with 65,000 merchants to offer payment solutions to more than 45 million users in Europe and North America. BillPay was… Read More

Germany: Investment Crowdfunding Grew by 39% in 2016

In a publication created by Crowdfunding.de, the report, entitled “Marktreport 2016: Crowdinvesting in Deutschland,” states that investment crowdfunding grew by 39% during 2016 reaching €63.8 million. Still quite small in comparison to some other countries but solid growth none-the-less. The sector was largely powered by a… Read More

auxmoney Adds Fully Digital Application for Online Borrowers

German peer to peer lending auxmoney is now offering its customers the ability to borrow legally by using an internet video ID and digital signature. Germany’s largest online lender has partnered with IDnow eSigning to update their process. Germany maintains a very strict application process so incorporating… Read More

Buddy-Watcher Links on Land with Companisto to Provide Freedom and Safety Under the Sea

Buddy-Watcher is closing in on its final week of crowdfunding on Companisto. The startup’s solution makes it possible to communicate more easily under water, providing underwater athletes with more freedom and increased safety. 170 international specialist retailers currently sell Buddy-Watcher, which helped the startup achieved… Read More

Insurer Aegon Pledges €1.5 billion to German P2P Lender Auxmoney

On January 25, Raffael Johnen, the CEO and co-founder of auxmoney, was on stage at the Paris Fintech Forum as the news was still under embargo: Dutch insurer Aegon has agreed to lend €1.5 billion euros over the next 3 years through the auxmoney lending… Read More

Exclusive! Companisto Reflections on 2016 as German Market Leader, Notes 19 Successful Rounds

2016 marked a strong year for Berlin-based crowdfunding platform Companisto.  Founded in 2012 by Tamo Zwinge and David Rhotert. In an earlier interview, Zwinge envisioned Companisto as a crowdinvesting platform that enabled ideas to be implemented to benefit many people, a hope that continues to be realized. “According… Read More