Tagged: germany

June 26, 2020 @ 8:17 am By Samantha Hurst  |  

Germany-based banking platform SolarisBank announced on Thursday it has formed a partnership with American Express for a new installment product, “Splitpay.” SolarisBank reported that for the first time, members of a personal American Express Card in Germany will be able to use an installment option… Read More

June 26, 2020 @ 8:10 am By JD Alois  |  

Yesterday, it was reported that Wirecard AG (WDI:DE) had initiated bankruptcy proceedings as the company attempted to stave off a complete financial collapse created by a misplaced amount of funds totaling around €1.9 billion. Allegations of profound actions of fraud immediately followed as the former… Read More

June 25, 2020 @ 7:35 am By JD Alois  |  

Wirecard (WDI.DE) has filed for insolvency following a report €1.9 Billion had gone missing. Shares in Wirecard collapsed on the news trading at around €2.50 a share. It was only last week that shares in Wirecard traded at over €100 a share. Wirecard joined the… Read More

June 24, 2020 @ 9:38 am By JD Alois  |  

The collateral damage of the alleged Wirecard (WDI.DE) fraud will not be fully understood for weeks or months. Earlier this week, disgraced former CEO Markus Braun was arrested by Munich Police. He was soon back out on the street after ponying up a €5 million… Read More

June 24, 2020 @ 9:12 am By JD Alois  |  

Metaco SA, an infrastructure provider for financial institutions entering the digital asset ecosystem, has formed a partnership with Frankfurt School Blockchain Center (FSBC) – a think tank and research center in the digital asset sector.  According to a release, the partnership will see FSBC support… Read More

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

Markus Braun, former CEO of Wirecard (WDI:DE) has been arrested by Munich authorities according to multiple reports. Braun apparently turned himself into local police as the Fintech attempts to unravel what exactly happened to the missing €1.9 billion. Last week, Wirecard halted a scheduled financial… Read More

June 22, 2020 @ 10:21 pm By Omar Faridi  |  

Mambu, a Berlin-based SaaS cloud banking platform provider, has teamed up with Google Cloud. Through the partnership, Mambu clients will be able to use a cloud-agnostic platform to launch and expand existing banking and lending operations into other countries. Mambu will aso be able to… Read More

June 22, 2020 @ 6:15 pm By JD Alois  |  

Neufund, once a leading voice in the European security token offering market, has decided to pivot away from its digital security mission. Based in Germany, Neufund was founded by CEO Zoe Adamovicz who announced several years ago their intent to conduct the first-ever legally binding… Read More

June 22, 2020 @ 11:33 am By JD Alois  |  

Earlier today, it was reported that Wirecard’s (WDI.DE) missing €1.9 billion may have never existed at all. Last week, the payments Fintech revealed in a statement that during an audit questions emerged regarding the funds with the auditor intimating it was under the belief there… Read More

June 22, 2020 @ 10:01 am By JD Alois  |  

Wirecard AG  (WDI.DE), a publicly-traded Fintech that jolted shareholders last week when it disclosed it could not account for €1.9 billion, has issued a new statement today on the missing funds. According to the Management Board of Wirecard “there is a prevailing likelihood that the… Read More

June 19, 2020 @ 8:17 am By JD Alois  |  

Markus Braun has resigned his position as CEO of Wirecard AG  (WDI.DE), effective immediately.  The news came the day after the company posted that it could not account for €1.9 billion and the auditor, EY, claimed there had been attempts to deceive its work. Yesterday,… Read More

June 18, 2020 @ 8:30 am By JD Alois  |  

Wirecard AG   (WDI.DE), a Germany based payments and cards platform, has delayed publication of its financial statements due to “indications of presentation of spurious balance confirmations.” The obfuscated statement relates to an apparent audit by EY that uncovered a €1.9 billion discrepancy. EY reports an… Read More

June 15, 2020 @ 1:06 am By Omar Faridi  |  

Brussels-based Fintech firm iBanFirst has secured €21 million in capital through a Series C round, which was led by Elaia and Bpifrance Large Venture. The funds raised will be used to expand iBanFirst’s financial services platform for SMEs. The company mainly focuses on supporting B2B… Read More

June 11, 2020 @ 1:51 pm By Samantha Hurst  |  

Payment processing platform Klarna has teamed up with deposits marketplace Raisin to launch a cooperation in Germany. Raisin reported that by partnering with the Berlin-based fintech Klarna is further expanding into the German savings market. “In a first for Klarna, and available exclusively to Raisin’s customers… Read More

June 10, 2020 @ 11:07 am By Omar Faridi  |  

  The ETC Group, a company established by experienced financial services professionals, announced on June 9, 2020 that they will be listing the world’s first “centrally cleared” Bitcoin ETC, BTCetc Bitcoin Exchange Traded Crypto – (BTCE) on Deutsche Börse’s XETRA platform. As noted in a… Read More

June 8, 2020 @ 9:57 am By Omar Faridi  |  

Amsterdam based Fintech BUX, a retail brokerage company that announced a “soft launch” version of its digital asset exchange earlier this year, will be expanding its stock trading services into Austria and Germany. The commission-free trading app provider is introducing its investment platform, Bux Zero,… Read More

June 8, 2020 @ 7:42 am By Omar Faridi  |  

Berlin-headquartered Vivid Money, a digital banking service provider that’s supported by Russia’s Tinkoff Bank, launched on June 8, 2020 through a partnership with solarisBank and payments giant Visa. Vivid Money says it’s the first mobile-based, full-service banking solution, providing cashback incentives, sub-accounts in major foreign… Read More

May 27, 2020 @ 11:35 pm By Omar Faridi  |  

German Fintech firm TIS (Treasury Intelligence Solutions), which offers a cloud-powered platform for handling cash flows and corporate payments, has acquired $20 million in additional funding. TIS’ latest investment round was led by Aquiline Technology Growth. Existing investor 83North also made contributions. TIS’ management noted… Read More

May 27, 2020 @ 10:15 am By JD Alois  |  

norisbank, part of Deutsche Bank Group, has launched a deposit marketplace offering “selected third-party banks” savings options via Deposit Solutions. The Fintech states that after a successful launch of “norisbank ZinsMarkt,” the new service will be expanded into an online marketplace with fixed-term deposit products… Read More

May 25, 2020 @ 9:21 am By Omar Faridi  |  

  Digital banks are on track to serve as many clients in Ireland as traditional banking service providers, according to N26, an all-digital challenger that recently secured $100 million in funding for its ongoing growth and development. The German neobank reports double-digit growth in the… Read More