Tagged: germany

May 1, 2023 @ 11:32 am By JD Alois  |  

In another sign of the flagging global economy, Germany-based digital bank N26 has announced a 4% reduction in its employee headcount. N26 is a fully licensed bank receiving approval in its home country. N26 operates in various European countries. At one point, it took a… Read More

April 20, 2023 @ 8:05 am By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtech firms, has recently “appointed Nicholas Walker as Chief HR Officer, with immediate effect.” Julian Teicke, CEO and founder of wefox said: “With Nick joining us as Chief HR Officer we are not only adding… Read More

April 16, 2023 @ 3:39 pm By Omar Faridi  |  

The mobile bank N26 recently announced the appointment of Jan Stechele as Managing Director and Chief Risk Officer of N26 AG and N26 Bank AG. In his new role, Jan Stechele will “oversee N26’s governance, compliance and risk functions in the interim and will take… Read More

April 5, 2023 @ 1:35 pm By JD Alois  |  

European Crowdfunding Service Providers Regulation (ECSPR) has been active for some time now. The new rules allow for securities platforms to solicit investors across all EU member states. Firms may raise up to €5 million in an online offering, thus improving upon the previous national… Read More

April 3, 2023 @ 9:15 am By JD Alois  |  

The spectacular collapse of Wirecard, once Germany’s largest Fintech, still reverberates within the country. While different pieces and parts have been sold off to various firms, the collateral damage continues, and new information continues to emerge. Today, EY – once the auditor of Wirecard, has… Read More

April 3, 2023 @ 3:51 am By Omar Faridi  |  

Climate and fintech company Agreena, whose soil carbon platform is one of the largest globally, announced its Series B raise of €46M. Led by Germany’s multi-stage investor HV Capital, the investment round “has an exciting composition of new investors including impact fund AENU and fintech-focused… Read More

April 2, 2023 @ 11:16 pm By Omar Faridi  |  

As part of Boerse Stuttgart Digital, blocknox GmbH has received the final license for its business operations as a crypto custodian from the German Federal Financial Supervisory Authority (BaFin). Under the brand Boerse Stuttgart Digital, Boerse Stuttgart Group has “bundled all its cryptocurrency and digital… Read More

March 25, 2023 @ 7:40 am By Omar Faridi  |  

The Berlin-based Fintech Raisin has raised €60 million in a series E funding round, from existing and new investors. The global savings and investment specialist recently “exceeded 1 million customers, for which a total of €850 million in interest has been generated since founding the… Read More

March 23, 2023 @ 8:34 am By Omar Faridi  |  

Berlin-headquartered B2B-focused Buy Now, Pay Later Fintech Mondu is reportedly opening a new office in London and appointing a UK-based professional sales team. The recent UK launch has come on the heels of the firm’s ongoing expansion into the Netherlands as well as Austria, offering… Read More

March 17, 2023 @ 3:43 pm By JD Alois  |  

Lano, a Germany-based Fintech that provides global payroll services, is raising growth capital on OurCrowd. At the recent OurCrowd Investor Summit, CI had a chance to chat with founders Markus Schneemann and Aurel Albrecht. The two entrepreneurs shared that Lano currently can provide payroll services… Read More

March 16, 2023 @ 8:11 am By Omar Faridi  |  

Cashlink, the Frankfurt-based Fintech providing infrastructure for tokenized assets, has closed a Series A funding round in the mid-seven-figure range. New investors on board “include Swiss venture capitalist TX Ventures, as well as Futury Capital, Beteiligungs-Managementgesellschaft Hessen and several business angels.” In addition, existing investors… Read More

March 12, 2023 @ 11:16 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtech firms, has announced the appointment of Dr. Günther Blaich as the Country Lead for Germany. Effective immediately, Dr. Blaich will be “responsible for leading wefox Germany and driving the company’s growth and profitability strategy.”… Read More

March 6, 2023 @ 3:17 am By Omar Faridi  |  

Berlin-based infrastructure fintech Upvest supports the mobile banking and investment app Vivid with its Investment-API, “enabling Vivid to expand its range of investment opportunities for private investors.” Upvest’s API solution allows Vivid’s end-customers “to invest in European ETFs and stocks with all relevant shareholder rights… Read More

March 6, 2023 @ 1:58 am By Omar Faridi  |  

Finoa are pleased to announce that they received three license approvals from BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) for crypto custody, crypto brokerage, and proprietary trading of crypto. The licenses mean that Finoa is now “a fully regulated financial institution, and will be able to offer a… Read More

February 24, 2023 @ 12:33 pm By JD Alois  |  

DZ Bank, a Bafin-regulated financial institution, has chosen Metaco to power its digital asset custody solution. DZ Bank is the central institution of the Volksbanken Raiffeisenbanken cooperative financial network. As a central institution, DZ Bank provides various services, particularly asset management services, being one of… Read More

February 23, 2023 @ 7:56 am By Omar Faridi  |  

Spoke.ai, the AI-powered tool suite founded by early N26 employees, has secured a €2 million pre-seed round. The investment round was “led by byFounders, with participation from Possible Ventures and a syndicate of experienced operators.” The funds will be “used to start onboarding the 500+… Read More

February 21, 2023 @ 8:06 am By Omar Faridi  |  

Berlin-based Pliant claims it is looking back at a very successful year 2022. While entering seven additional European markets, it also “recorded a sixfold growth of its customer portfolio.” With the closing of this Series A investment round, the company is “now setting itself up… Read More

February 17, 2023 @ 8:21 am By Omar Faridi  |  

Siemens is one of the first companies in Germany to issue a digital bond, “in accordance with Germany’s Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG).” Worth 60 million, it has “a maturity of one year and is underpinned by a public blockchain.” According to… Read More

February 14, 2023 @ 3:08 pm By Omar Faridi  |  

T-Systems and Commerzbank have signed a cooperation agreement “for collaboration in the industrial sector.” Together, the two companies are “developing a solution for fully automated supply chains with integrated financial services.” The Telekom subsidiary and the Frankfurt-based bank are “employing technologies such as 5G campus… Read More

February 3, 2023 @ 8:26 am By Omar Faridi  |  

iwoca reaches net profitability in Q4 2022 and experiences over 50% increase in the number of small and medium-sized businesses funded across the UK and Germany This comes as iwoca “increases its funding line with Pollen Street Capital from £125m to £170m.” The total number… Read More