Tagged: germany

February 11, 2020 @ 11:44 pm By Omar Faridi  |  

Deutsche Bank (NYSE:DB), a global investment bank and financial services company based in Frankfurt, Germany and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange (with  €1.34 trillion assets), is reportedly inviting project bids from Amazon, Google and Microsoft in order to upgrade its… Read More

February 10, 2020 @ 12:06 pm By Samantha Hurst  |  

Blockchain software firm BitGo announced on Monday it is expanding its global presence with new custodial entities in Switzerland and Germany. According to BitGo,  BitGo’s Swiss entity BitGo GmbH is a member of the Financial Services Standards Association (VQF), supervised by the Swiss Financial Market… Read More

February 10, 2020 @ 7:16 am By JD Alois  |  

Bitbond, a Germany based Fintech that provides online lending and tokenization services, has announced a new partnership with a regulated bank, Bankhaus von der Heydt. Bitbond will now help the bank provide  asset structuring and asset servicing using blockchain technology. Bankhaus von der Heydt was… Read More

February 9, 2020 @ 3:08 am By Omar Faridi  |  

BaFin, Germany’s financial supervisory authority, recently clarified how the leading European nation’s new crypto-asset custody law would apply to companies that are operating outside of the country, yet still serve local markets. BaFin’s latest guidance, published last month, notes that firms which are currently custodying… Read More

February 6, 2020 @ 10:29 am By Omar Faridi  |  

The European Central Bank (ECB) has partnered with Reply, a platform focused on digital innovation, in order to offer a 48-hour coding marathon, which will focus on teaching participants how to apply the latest artificial intelligence (AI) and machine learning (ML) algorithms. The marathon is… Read More

February 4, 2020 @ 7:01 am By Omar Faridi  |  

UK-headquartered digital real estate investment platform BrickVest has reportedly been acquired by Patrizia, a Germany-based firm. Details regarding the terms of the deal and the amount paid for the purchase have not been shared publicly. Established in 2014, BrickVest allows customers to invest in pre-screened… Read More

February 3, 2020 @ 1:32 pm By Samantha Hurst  |  

Germany-based banking group Varengold Bank announced on Monday it has opened its new fintech hub in Berlin. According to Board of Managing Directors member, Frank Otten, the new hub will “add value” for the Varengold Bank’s current customers in Berlin because the bank will provide… Read More

January 28, 2020 @ 2:01 am By Omar Faridi  |  

Germany-based Fintech firm Heidelpay is reportedly seeking acquisitions and might launch an in initial public offering (IPO), according to its CEO, Mirko Huellemann. He recently stated: “An IPO is of course always an option for fresh capital.” Huellemann’s comments regarding the firm’s business plans are… Read More

January 24, 2020 @ 1:25 pm By JD Alois  |  

Deutsche Bundesbank and Deutsche Börse have joined forces in publishing a study on the uses of distributed ledger technology (DLT) or blockchain. The bank and exchange believe that “DLT solutions can deliver substantial benefits” and “tokenized securities and baskets substantially improve collateral mobility.” The pro-blockchain… Read More

January 24, 2020 @ 9:06 am By Samantha Hurst  |  

Hycube, a Germany-based renewable energy storage solution, has successfully secured more than €1.2 million in funding through its equity crowdfunding campaign on Seedrs. The company launched the funding round earlier this month and quickly surpassed its €1 million funding target and has so far attracted… Read More

January 23, 2020 @ 8:16 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Wednesday it now has more than five million customers who are banking on its platform around the globe. The company stated: “As we enter a new decade, we’re delighted to share some more fantastic news. N26 has reached another… Read More

January 22, 2020 @ 9:11 pm By JD Alois  |  

GreyP Bikes (an e-bike company), one of the first “equity token offerings” or ETO to complete a primary issuance on the Neufund platform distributed the digital securities to investors last week. The security offering began last October with a pre-sale followed by a public sale… Read More

January 22, 2020 @ 7:29 am By Omar Faridi  |  

France-based digital bank Qonto has secured $115 million through a Series C investment round led by Tencent and DST Global, in order to help it further penetrate key markets, implement new features to tailor its products and services to specific market segments, and hire new… Read More

January 18, 2020 @ 5:24 pm By Omar Faridi  |  

Düsseldorf-based Fintech auxmoney is one of Europe’s largest credit marketplaces. Private and institutional investors can use auxmoney to make direct investments in pre-approved borrowers of various different score classes.  auxmoney recently began issuing loans to small and medium-sized enterprises (SMEs). The company uses its customized… Read More

January 17, 2020 @ 10:20 pm By Samantha Hurst  |  

Getsafe, a Germany-based insurtech startup, announced on Thursday it has started its digital contents insurance expansion into the UK. The expansion of services comes less than a year after Getsafe secured $17 million through its Series A funding round, which was notably led by Earlybird… Read More

January 13, 2020 @ 9:50 pm By Samantha Hurst  |  

Hycube, a Germany-based renewable energy storage solution, has successfully secured its initial €1 million equity crowdfunding target on Seedrs.  The company stated that it was created to build world-class energy storage systems  by taking energy from solar panels and storing it for later use in… Read More

January 9, 2020 @ 11:49 am By JD Alois  |  

Creditshelf Aktiengesellschaft (CSQ.DE), an online lender targeting SMEs in Germany, has released its Q3 2019 numbers. According to the Fintech, topline revenue for the first 9 months of 2019 rose to €2.46 million versus €1.57 million during year prior. The increase in revenue was said… Read More

January 9, 2020 @ 6:55 am By Omar Faridi  |  

Qonto, a neo-bank for business account holders that was established in France in 2017, has expanded its operations into Germany, Italy, and Spain. Notably, Qonto was the recipient of the first investment by billionaire Peter Thiel’s Valar Ventures in France during its Series A funding… Read More

January 7, 2020 @ 7:14 am By Samantha Hurst  |  

 Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a global provider of software solutions for the insurance industry, announced on Tuesday it has acquired Germany-based insurtech sum.cumo for €28.4 million. Founded in 2010, sum.cumo claims it stands for the “successful, integrated digitalization” of traditional business… Read More

January 5, 2020 @ 6:42 am By Omar Faridi  |  

Germany-based lending company Commerzbank has reportedly finalized an agreement with activist investor Petrus Advisers, in order to increase its stake in online lending Fintech firm Comdirect. Commerzbank is planning to take over Comdirect’s business operations and aims to help the company reduce costs. The takeover… Read More