Tagged: germany

January 3, 2020 @ 4:51 pm By Cali Haan  |  

Jens Weidmann, President of Germany’s central bank (Bundesbank) and a governing councilor at the European Central Bank (ECB), told Handelsblatt this week that much needs to be understood before central banks should get into issuing a digital currency like Facebook’s Libra or Bitcoin, commonly referred… Read More

December 13, 2019 @ 3:48 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday its plan to open a tech hub in Berlin at the beginning of next year. Klarna reported that the new hub will enable it to further build out its product portfolio and services as well as better serve… Read More

December 13, 2019 @ 7:50 am By Omar Faridi  |  

Germany-headquartered Wirecard, a payments platform, and France’s Orange Bank, a challenger bank, announced on December 11 that they’re extending their existing business relationship to allow Android users in France to make payments through Google Pay. Orange Bank claims that 17% of all mobile payments in… Read More

December 12, 2019 @ 4:34 pm By JD Alois  |  

Bitbond, a Berlin-based online lender and trailblazer in the digital asset sector, is leveraging its experience in issuing blockchain-based bonds to move into real estate. According to a note from Bitbond, the investment platform has formed a partnership with KlickOwn, a property investment platform. Bitbond… Read More

December 12, 2019 @ 6:31 am By Omar Faridi  |  

Berlin headquartered Wefox Group, an Insurtech firm that has developed the consumer-facing insurance app and carrier One and Wefox, an insurance platform, has secured $110 million via a recent Series B round according to a company release. The additional funding has doubled Wefox’x Series B… Read More

December 11, 2019 @ 8:08 am By Omar Faridi  |  

N26 Inc., the US-headquartered subsidiary of digital bank N26 GmbH, one of the fastest-growing mobile-based banks in Europe, revealed on December 9 that it’s expanding its Perks program. N26 is one of several European digital banks crossing the Atlantic to compete in the huge US… Read More

December 11, 2019 @ 8:01 am By Omar Faridi  |  

Payoneer, an established online payments platform that helps organizations and individuals across the globe to grow their business, revealed on December 10 that it has decided to acquire optile, a Germany-headquartered technology firm that enhances payment acceptance processes for consumers globally. Established in 2010, optile’s… Read More

December 5, 2019 @ 9:25 am By JD Alois  |  

Neufund, a Berlin-based investment platform, has successfully closed the offering of e-mobility company, Greyp Bikes raising €1.4 million. Greyp, an eBike creator and a spinoff from Rimac Automobili, launched the security token offering in September. Greyp claims to be the “future of mobility” and the… Read More

December 4, 2019 @ 8:58 pm By JD Alois  |  

“Banking partner for SMEs” Kapilendo is issuing its first blockchain-based digital bond. According to the Germany based crowdfunding platform, FR L’Osteria SE, a “gastronomy concept” is issuing a tokenized bond using blockchain tech. Kapilendo is a debt-based crowdfunding platform that caters to Mittelstand companies by… Read More

December 3, 2019 @ 8:03 am By Samantha Hurst  |  

Credorax, a fintech bank and smart payments provider, announced on Tuesday it has teamed up with Raisin to offer retail deposits to Raisin customers in Germany. Credorax reported that the partnership marks the launch of its first banking products in the region. “Through this partnership,… Read More

November 30, 2019 @ 12:16 pm By Omar Faridi  |  

Allianz X, the digital investment division of the Allianz Group (a German multinational financial services company), and insurance firm Debeka recently invested in Insurtech SDA SE Open Industry Solutions, an open platform for developing digital ecosystems. Allianz X and Debeka, along with current investors SIGNAL… Read More

November 21, 2019 @ 12:13 pm By JD Alois  |  

Fast-growing Fintech Raisin has integrated Naqoda’s tax engine solution. Raisin is a Fintech that provides access to higher interest savings accounts in multiple countries. Naqoda provides a multi-country software solution for the calculation and reporting of interest income tax and capital gains tax. Raisin states… Read More

November 18, 2019 @ 11:30 am By Omar Faridi  |  

South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA), has issued a warning against Karatbars International GmbH, a German company that has been promoting a digital currency, called KaratGold Coin, which is allegedly backed by gold. According to FSCA’s release: “Karatbars International GmbH is… Read More

November 14, 2019 @ 3:28 am By JD Alois  |  

SME online lender creditshelf says banks are becoming more skeptical about investing in small businesses in Germany. creditshelf claims that last year only every third company had problems with bank financing, now every second medium-sized company encounters resistance from its house bank. It has been… Read More

November 12, 2019 @ 11:00 pm By JD Alois  |  

Acatus, a Berlin-based Fintech, has raised €5.5 Million in a Series A funding round, according to the company. The funding was led by DIP Capital and the VC fund coparion. The existing investors and angels also participated in the round. Acatus claims to be the… Read More

November 7, 2019 @ 9:45 am By JD Alois  |  

German online lender Kreditech says the company is on track to “reach profitability in the near future,” as operating loss shrinks. Simultaneously, revenue and originations both declined. The Fintech claims significantly improved performance as a result of a new strategy that was implemented in 2018…. Read More

November 5, 2019 @ 5:11 am By JD Alois  |  

creditshelf Aktiengesellschaft, a Fintech providing access to capital for SMEs, is opening a physical branch in Munich. While many Fintechs are focusing on less real estate, creditshelf believes a localized office can help expand its services. Jan Stechele, Head of Product Management, Head of Business… Read More

November 4, 2019 @ 9:34 am By JD Alois  |  

Fundament Securities, the issuer of the first regulated Real Estate Security Token offer in Germany, will provide institutional-grade custody solution for its digital assets in a new partnership with DACS “Digital Asset Custody Solution” a digital asset lifecycle management business. Fundament Group is a Berlin-based end-to-end… Read More

November 1, 2019 @ 9:34 am By JD Alois  |  

The Association of German Banks (Bundesverband Deutscher Banken), the association that represents all of the private banks in Germany, is demanding a programmable digital Euro. A position paper published by the Association is advocating for the creation of a digital Euro in response to Facebook’s… Read More

October 31, 2019 @ 8:39 am By JD Alois  |  

The Fundament Group, a Germany based security token issuance platform, has announced a partnership with Tezos to develop regulated digital securities. Fundament also revealed that the Tezos Foundation has invested in the Fintech startup. Fundament’s vision is to provide institutional-grade financial products for all investors… Read More