Tagged: germany

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

May 22, 2019 @ 3:11 pm By Samantha Hurst  |  

On Tuesday, the Federal Financial Supervisory Authority (BaFin), Germany’s supervisor of banks, financial services providers, insurance undertakings, and securities trading, reportedly published an order for N26 to remove backlogs in IT monitoring in order establish process descriptions and workflows in writing. In response to the… Read More

May 21, 2019 @ 7:20 am By JD Alois  |  

Raisin, a Fintech that has taken a simple concept of removing geographic barriers for savers seeking a better return on their money, is finally crossing the Atlantic to enter the massive US market. Germany based Raisin has selected Paul Knodel as US CEO as it… Read More

May 20, 2019 @ 2:00 am By Therese Torris  |  

The German Crowdfunding Association, the federal industry association which represents 85% of the German crowd investment market, welcomed last week the adoption by the German Parliament of the new and improved legal framework for crowdinvesting, albeit with a few regrets. Major Expansion of the Scope… Read More

May 17, 2019 @ 7:13 am By JD Alois  |  

Competition for Robo Advisors Raisin, a Fintech that provides better access to higher interest rates for savers, is expanding the line of its services with a new product that will make investing easier for everyone. First starting on Weltsparen, Raisin’s platform serving Germany, the company… Read More

May 17, 2019 @ 1:50 am By JD Alois  |  

illimity, a banking start-up listed on Borsa Italiana’s MTA exchange, has formed a partnership with Raisin, Fintech marketplace for online savings and investments in Europe. illiminity is a “new generation Italian bank” formed by the merger between SPAXS and Inter-provincial Bank. It plans to reach… Read More

May 14, 2019 @ 10:10 am By JD Alois  |  

creditshelf Aktiengesellschaft (CSQ.F), a Fintech marketplace for small and medium-sized enterprises (SMEs) in Germany, has held its first annual general meeting in Frankfurt am Main following its IPO in July 2018. The company reports solid shareholder participation as 52.16 % of share capital was represented… Read More

May 5, 2019 @ 6:20 pm By Cali Haan  |  

Police in Germany and the US moved in this week to arrest three men in Germany they believe operated “Wall Street Market,” the world’s second largest Dark Net market for drugs and other illicit products, The Telegraph reports. Two more men associated with the case,… Read More

April 30, 2019 @ 11:44 am By JD Alois  |  

BlockState, a new Switzerland based tokenization platform, has announced the first security token offering (STO) from Berlin-based Streetlife International. BlockState is an online capital formation platform for privately owned assets. The company says it will tokenize assets under existing Swiss regulation. The first STO is… Read More