Tagged: germany

July 10, 2019 @ 9:29 am By JD Alois  |  

Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) finally announced its plan to dig itself out of its financial hole this past week. Deutsche Bank’s plan entailed a significant downsizing with a workforce reduction of approximately 18,000 full-time equivalent employees to around 74,000 employees by 2022…. Read More

July 9, 2019 @ 2:27 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it is now offering online flexible payment solution support for German supermarket chain, getnow. It was revealed: “Thanks to Wirecard, getnow is able to offer its customers a flexible variety of digital payment… Read More

July 9, 2019 @ 1:15 pm By JD Alois  |  

Marketplace lending platform October, which is based in France, has expanded in Germany, according to a blog post by CEO and founder Oliver Goy. October has selected Thorsten Seeger, a Funding Circle veteran, as CEO of October Deutschland as its plots its ongoing expansion across… Read More

July 9, 2019 @ 7:48 am By JD Alois  |  

Bitbond’s security token offering (STO) closed yesterday raising over €2.1 million. The Bitbond Token was the first issuer to receive approval of a prospectus by Germany’s security regulator – BaFin. The STO was opened to the public in March of 2019. Bitbond has been regulated… Read More

July 4, 2019 @ 8:52 am By JD Alois  |  

creditshelf Aktiengesellschaft, a Germany based online lender, says it lending volume has more than doubled in volume during the first 6 months of 2019. In comparing the first half of 2019 versus the first six months of 2018,  creditshelf reports that the volume of arranged… Read More

July 1, 2019 @ 10:55 am By Samantha Hurst  |  

Online lending platform Funding Circle announced last week it has partnered with Aviva Finans AB to pledge €50 million towards funding loans for German and Dutch small businesses. According to Funding Circle, the investment agreement facilitates the initial €50 million in small business loans over… Read More

June 24, 2019 @ 7:43 am By JD Alois  |  

Bitbond, a Germany-based global online lending platform that is in the process of issuing one of the first security tokens, says guidelines issued by FATF impacting “virtual asset service providers” or VASPs – has gone too far. Bitbond, licensed by BaFin, is in the midst… Read More

June 19, 2019 @ 1:00 am By Therese Torris  |  

Younited Credit announced today that it has hired Kai Friedrich, a senior German banker to head its German operations. Younited Credit is the only consumer lending platform which has its own “passportable” license allowing it to operate as a credit institution throughout the European Union…. Read More

June 17, 2019 @ 12:05 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has expanded its cooperation with German retailer, KaDeWe Group, to enable all digital in-store payments. Wirecard reported that through the expansion, it will now handle all cashless payments. “The Wirecard digital financial… Read More

June 13, 2019 @ 2:47 pm By Samantha Hurst  |  

Germany-based challenger bank N26 announced on Wednesday it is now offering its banking service to 3.5 million customers worldwide. The company also revealed that it is a global employer with more than 1300 employees across 60 nationalities. “As well as headquarters in Berlin, offices in New… Read More

June 11, 2019 @ 9:08 am By JD Alois  |  

Lemonade has crossed the Atlantic and invaded Europe. The Insurtech announced the news in a blog post and email to followers reporting that Lemonade’s insurance services will now be available in Germany. The move was originally forecasted in 2018 when Lemonade announced its intent to… Read More

June 7, 2019 @ 3:06 am By JD Alois  |  

Fintechs Raisin and Yolt have formed a new partnership. Yolt is a “smart thinking money app” claiming more than 900,000 registered users. Raisin is a savings marketplace that enables users to capture higher returns on their parked cash without geographical constraints. Raisin will now provide… Read More

June 6, 2019 @ 7:46 am By Samantha Hurst  |  

Getsafe, a Germany-based insurtech startup, announced on Thursday it secured $17 million through its Series A funding round, which was notably led by Earlybird with participation from CommerzVentures and other existing investors. Founded in 2014, Getsafe claims it is looking to reinvent insurtech and is… Read More

June 3, 2019 @ 8:05 am By JD Alois  |  

Digital challenger bank Penta has appointed a new Chief Executive Officer. Marko Wenthin, co-founder of solarisBank, will move into the CEO role joining the management team consisting of Jessica Holzbach, Chief Customer Officer, Luka Ivicevic, Chief of Staff, Lukas Zörner, Chief Product Officer and Matteo Concas,… Read More

June 1, 2019 @ 8:11 pm By Cali Haan  |  

The President of Germany’s central bank, Jens Weidmann, has warned that implementing central bank digital currencies (CBDCs) could lead to the destabilization of global financial systems, especially during times of fiscal crisis. The warning came during a speech delivered at the opening of the Bundesbank… Read More

May 31, 2019 @ 6:42 am By Therese Torris  |  

In its 3rd edition, Viva Technology, the Paris technology innovation show gathered more than 124,000 attendees from 125 nationalities, a 24% increase over last year. French President Emmanuel Macron, Canada’s Prime Minister Justin Trudeau, and Alibaba’s founder and CEO Jack Ma were among the 450… Read More

May 30, 2019 @ 9:42 am By JD Alois  |  

Online lender creditshelf (CSQ.F) has reported financial results for the first quarter of fiscal year 2019. According to the Germany-based Fintech, revenues tripled in the first quarter versus the same period year prior. creditshelf is a marketplace lender that matches investors to SMEs in need… Read More

May 27, 2019 @ 11:00 pm By JD Alois  |  

Bitbond, one of the very first regulated security token offerings (STOs) in Europe, is now offering an STO to Asian investors. According to a release from the company, Bitbond is raising €3.5 million in an STO to continue supporting SMEs in Asia with business loans…. Read More

May 27, 2019 @ 10:04 am By JD Alois  |  

Four German banks including, DekaBank, dwpbank, DZ BANK and Helaba, have partnered with finledger to issue promissory notes using Ethereum blockchain, according to a release. The issuance is said to be a first ever as the pilot offering seeks to establish a base point standard… Read More

May 23, 2019 @ 8:12 am By JD Alois  |  

aescuvest, a Germany based crowdfunding platform serving the healthcare market, has received a €1 million investment from a group of investors, according to a note from the firm. This is aescuvest’s first external round of financing. Mutschler Ventures AG, which specializes in start-ups, the holding… Read More