Tagged: germany

November 22, 2023 @ 11:52 am By Omar Faridi  |  

The study of 2020 consumers in Germany, posted by Solaris, aimed to unearth consumer attitudes “to taking out financial services from brands in the tourism sector.” Key findings shared by Solaris are as follows: Consumers indicate high levels of confidence and trust towards tourism brands,… Read More

November 20, 2023 @ 8:29 am By Omar Faridi  |  

wefox, the European insurtech, has appointed Paul Onnen as Chief Technology Officer, with immediate effect. Mr. Onnen takes over the role from Sergi Banos who “was promoted to Chief Platform Officer (CPO) as the company accelerates its plans to launch the platform that will connect… Read More

November 15, 2023 @ 11:52 am By Omar Faridi  |  

We recently caught up with Martin Kassing, the CEO and founder at Upvest, a Berlin-based Fintech that aims to make investing more accessible by enabling neobanks, asset managers, and incumbent banks to provide their customers with any type of investment product. With Upvest’s Investment API,… Read More

November 15, 2023 @ 9:07 am By Omar Faridi  |  

N26 announced an important extension to its product portfolio with the launch of a flexible Instant Savings account. From today, customers in Germany can “benefit from up to 2.6% interest p.a. with transparent conditions, and without deposit limits or additional costs involved.” The overnight savings… Read More

November 10, 2023 @ 8:25 am By Omar Faridi  |  

Germany’s Finance Minister Christian Lindner on Thursday (November 9, 2023) called on European Union nations to choose Frankfurt as the seat of the bloc’s anti-money laundering authority (AMLA). Lindner stated that a decision to locate AMLA in Frankfurt is a key move in order to… Read More

November 4, 2023 @ 11:35 am By JD Alois  |  

Germany-based Insurtech Wefox has raised $55 million in debt financing following a funding round that valued the company at $4.5 billion. The news was covered by CNBC that reported UniCredit and Deutsche Bank provided the capital. The debt is convertible into equity at the next… Read More

November 4, 2023 @ 11:08 am By Omar Faridi  |  

BIGO, a global technology leader known for its innovative RTC (Real Time Communications) based products, announces its partnership with Checkout.com and Visa in order “to transform cross-border payouts for content creators in the United Kingdom, Italy, Germany, Switzerland and Austria.” BIGO TECHNOLOGY PTE. LTD. has… Read More

November 4, 2023 @ 10:54 am By Omar Faridi  |  

DZ BANK has launched a new platform for the processing and custody of digital financial instruments. This makes the leading cooperative institution one of the first credit institutions “to launch such an offer for institutional customers based on blockchain technology.” With a volume of over… Read More

November 2, 2023 @ 12:03 pm By Omar Faridi  |  

wefox, the Berlin-based insurtech, is launching a new brand claim: “wefox Empowering Insurance”. The new brand claim defines the company’s unique position “as more than just an insurance company.” It paves the way for wefox to also “provide a wide range of tech-enabled insurance solutions.”… Read More

November 2, 2023 @ 10:40 am By Omar Faridi  |  

BitGo, the provider of financial services for digital assets, announces that its subsidiary in Germany, BitGo Europe GmbH, has received a crypto custody license from the German Federal Financial Supervisory Authority (BaFin). BitGo has already been storing crypto assets “for its customers since 2019, also… Read More

October 25, 2023 @ 10:06 am By JD Alois  |  

Ledger, best known for its hardware digital wallets, is now offering tokenization services via its enterprise division or turning assets into digital assets. In a blog post, Legder said it was “unlocking institutional opportunities” as more firms look to leverage distributed ledger technology to issue… Read More

October 23, 2023 @ 1:46 pm By Omar Faridi  |  

Moonfare has appointed Dr. Lorenz Jüngling, currently managing director, chief operating officer, and chief financial officer, “as Co-CEO, alongside Moonfare founder, chairman and current CEO Dr. Steffen Pauls. Jüngling, a Ph.D. material scientist and physicist by training, currently oversees Moonfare’s R&D, finance, operations and compliance… Read More

October 22, 2023 @ 5:07 am By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired ON Service GROUP, a provider of business process services, specialized in insurance operations. Terms of the transaction were “not disclosed.” Acquiring ON Service GROUP enhances Accenture’s capabilities “in insurance operations, expanding the range of services available to clients in Germany… Read More

October 20, 2023 @ 7:54 am By Omar Faridi  |  

21X in coordination with Polygon Labs is pleased to announce 21X is building an ESMA regulated market infrastructure for tokenized securities “on the Polygon proof-of-stake (PoS) blockchain.” 21X and Polygon Labs are collaborating in order “to advance asset tokenization and trading within the Polygon ecosystem.” Polygon… Read More

October 18, 2023 @ 9:58 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is reporting that Germany will become a Regional Talent Hub, “marking another key milestone in our international expansion strategy.” In 2021, Coinbase claimed that it had become the first crypto company “to receive a crypto license from BaFin.” This license, for crypto custody… Read More

October 16, 2023 @ 6:58 pm By JD Alois  |  

  The largest economy in Europe has been slow to create a sustainable regulatory environment for investment crowdfunding platforms to thrive. Under ECSPR or European Crowdfunding Service Provider Regulations, an approved platform may raise up to €5 million across the European Union. The kicker to… Read More

October 9, 2023 @ 10:21 am By Omar Faridi  |  

wefox is stepping up its plans for profitable growth and global expansion with the appointment of Jonathan Wismer as its new Group Chief Financial Officer (CFO) “effective 1 October 2023.” Wismer joins the company’s executive team and “reports to CEO Julian Teicke, founder of wefox.”… Read More

October 9, 2023 @ 8:11 am By Omar Faridi  |  

Getsafe, Europe’s neo-insurer based in Germany, has entered into an agreement to acquire the German customer base of French insurtech Luko. With over 550,000 customers across Germany, the UK, France, and Austria, Getsafe “is rapidly expanding its reach in Europe.” The acquisition covers Luko’s entire… Read More

October 6, 2023 @ 8:45 am By Omar Faridi  |  

Habyt, the flexible housing provider, has raised €40M in a series C round as it expands globally and consolidates its market share. This investment round is “led by the new investors Korelya Capital (Paris-based) and Deutsche Invest (Munich-based). It was also participated by new investors… Read More

October 5, 2023 @ 6:08 pm By JD Alois  |  

Invesdor, a securities crowdfunding platform approved to operate across the European Union, is touting a recent successful funding round that was listed on Oneplanetcrowd but saw solid participation across Invesdor’s home base. Oneplanetcrowd, an impact funding platform that focuses on green securities offerings, was acquired… Read More