Tagged: germany

September 2, 2020 @ 8:35 am By JD Alois  |  

Largest Fintech Funding Round in Eurozone for 2020 auxmoney, a Germany based marketplace lender, has raised € 150 million led by Centerbridge. In a note from the Fintech, auxmoney stated that existing VCs, including Foundation Capital, Index Ventures, and Union Square Ventures remain fully invested…. Read More

September 1, 2020 @ 12:42 pm By Samantha Hurst  |  

Cosmose AI, a China-based offline shopping platform, announced on Tuesday it secured €12.5 million through its Series A funding round, which was led by Tiga Investments with participation from OTB Ventures and TDJ Pitango. Founded in 2014, Cosmose AI claims it “harnesses anonymous mobile user… Read More

August 31, 2020 @ 8:03 am By Omar Faridi  |  

Digital challengers such as neobanks and various other Fintech service providers are beginning to transform many traditional business activities through the digitalization of many different services that previously required laborious manual processes (like accounting). Customer or user experience (UX) has become a key differentiator when… Read More

August 29, 2020 @ 2:36 pm By Omar Faridi  |  

London-based SatoshiPay, a Fintech firm that aims to provide fast and affordable payment solutions, has revealed that it has reached a key milestone in establishing its blockchain-enabled clearing platform as a “new standard” for cross-border transactions. The SatoshiPay team notes that, as of August 2020,… Read More

August 27, 2020 @ 10:53 am By JD Alois  |  

The district court of Munich has opened the insolvency proceedings regarding the assets of Wirecard (WDI:DE), which were applied for on June 25, 2020, according to a note from the company. The current preliminary insolvency administrator Dr. jur. Michael Jaffé from the law firm JAFFÉ Rechtsanwälte… Read More

August 27, 2020 @ 7:21 am By Omar Faridi  |  

Germany-based digital bank N26, which offers a mobile banking platform, is celebrating its one year anniversary in the US with almost 500,000 customers. As mentioned in a release shared with Crowdfund Insider: “Since announcing its public US launch in partnership with Axos Bank in August… Read More

August 25, 2020 @ 8:43 am By JD Alois  |  

As the class action lawsuits pile up, Wirecard (WDI:DE) is experiencing an exodus of empl0yees. The once prominent Fintech, now insolvent and dealing with allegations of fraud, has experienced a profound destruction in value as shares in Wirecard have effectively collapsed – trading slightly above… Read More

August 18, 2020 @ 3:37 pm By Samantha Hurst  |  

Claimsforce, a Germany-based insurtech startup, reportedly secured €7 million through its Series A investment round, which was led by Notion Capital. According to Verdict, the round saw participation from Fly Ventures, Point Nine, and La Famiglia. Claimsforce explained it is on a mission to create… Read More

August 13, 2020 @ 8:24 am By Samantha Hurst  |  

ABN AMRO announced on Wednesday plans to discontinue Moneyou activities in the Netherlands and Germany, with the exception of the Moneyou mortgage activities. According to ABN AMRO, Moneyou started in 2001 as an online mortgage label, followed by online savings accounts in 2008. At the… Read More

August 5, 2020 @ 4:00 pm By JD Alois  |  

This past June, Neufund, one of the first European platforms to issue security tokens, announced its intent to move away from digital securities. The Berlin, Germany based Fintech issued the following surprising statement: “We’ve been active participants of the discussions held at the Bundestag, engaged… Read More

August 3, 2020 @ 4:47 pm By JD Alois  |  

Boon, a European payments platform and Apple Pay partner (among others), is shutting down, according to the company. Boon is part of Wirecard (WDI:DE), a Germany based Fintech that recently filed for bankruptcy following revelations of an accounting scandal and allegations of fraud. Boon is… Read More

July 29, 2020 @ 12:23 am By Omar Faridi  |  

Frankfurt-based Deutsche Bank AG, a multinational investment bank and financial services company that’s dual-listed on the New York Stock Exchange (NYSE: DB) and Frankfurt Stock Exchange (FWB: DBK) with around €1.3 trillion in assets, will reportedly be investing in Germany-based Fintech firm Traxpay. According to… Read More

July 27, 2020 @ 9:00 pm By JD Alois  |  

Bitbond is a Germany-based Fintech that started life as a global online lender serving small business borrowers. Some years ago, Bitbond received a regulatory license by the German financial services regulator, BaFin. Crowdfund Insider reported that it took several years to complete the process but… Read More

July 27, 2020 @ 10:14 am By JD Alois  |  

Kynikos Associates, founded by well-known investor Jim Chanos, bet on Wirecard (WDI:DE) – the once prominent German Fintech that is now in the midst of insolvency proceedings. Chanos did not buy shares in Wirecard, he sold them, and the short bet paid off apparently as… Read More

July 23, 2020 @ 5:46 pm By JD Alois  |  

Wirecard (WDI:DE), once a Fintech darling that fell through the regulatory cracks and now is one of the biggest financial debacles ever in Germany, is compelling public officials to revamp their approach to compliance and oversight. According to a report in Suddeutsche Zeitung, German Finance… Read More

July 23, 2020 @ 8:33 am By JD Alois  |  

Real estate investment marketplace zinsbaustein.de has listed the largest ever project on the platform. The offering is for the Cube River 342 in Düsseldorf, Germany that is seeking €4.3 million. This is the fourth offering from the developer Cube Real Estate GmbH. Investors may invest… Read More

July 23, 2020 @ 7:51 am By Omar Faridi  |  

Munich-based Scalable Capital, a company that has developed a platform to monitor and manage investment portfolios, has secured €50 million in capital through a Series D investment round led by Barclays Bank. Scalable Capital, which offers a digital wealth management platform, also received investments from… Read More

July 22, 2020 @ 2:22 pm By JD Alois  |  

The odyssey of the collapse of Wirecard (WDI:DE) continues to generate headlines as investigators sort through the rubble of the once prominent Fintech. The news has been flowing at a steady pace as pieces of the puzzle are added to Wirecard’s saga as authorities seek… Read More

July 21, 2020 @ 3:40 pm By JD Alois  |  

Bitbond, a Fintech that facilitates the issuance of security tokens, has joined the German Banking Association (Bankenverband). The German Banking Association represents the interests of private banks in Germany. Bitbond was not the only non-traditional firm named as a new member as Hawk AI, a… Read More

July 21, 2020 @ 8:38 am By JD Alois  |  

Germany based Open Banking platform Deposit Solutions says 1/5 of British consumers will consider switching savings accounts during the next 12 months. The historically low-interest rates provided by banks is obviously part of the reason consumers are more willing to consider change. Deposit Solutions is… Read More