Tagged: germany

October 11, 2016 @ 10:54 am By Samantha Hurst  |  

Bitbond, a Berlin-based startup that connects small business owners who need a loan with investors and uses the Bitcoin blockchain for payment processing, announced on Tuesday it received its BaFin license. Sharing details about the new license Radoslav Albrecht, founder and CEO of Bitbond, stated: “With our own… Read More

October 4, 2016 @ 6:21 am By Erin Hobey  |  

Smava, the German marketplace lender, has secured a $34M in a funding round led by Runa Capital, with additional participation from the Scandinavian private equity firm Verdane Capital, mojo.capital and existing investors, reported AltFi News. Runs, an active investor in the alternative finance sector, has also invested in… Read More

September 12, 2016 @ 12:14 pm By JD Alois  |  

Cringle is a smartphone app for users who want to send money to friends across Europe in a matter of seconds. Cringle has received numerous awards and has found a partner in German bank Deutsche Kreditbank AG (DKB). In the past year, Cringle has been able… Read More

September 12, 2016 @ 8:07 am By JD Alois  |  

Berlin-based Crowdfunding.de has published a report on the equity crowdfunding market in Germany.  Their numbers go back to 2011, the very beginning of this new form of finance in Germany. The Crowd Invest Success Monitor is an overview of the performance of the new asset class… Read More

September 2, 2016 @ 4:26 am By Erin Hobey  |  

Cringle, a smartphone app used to send money quickly within Europe, is continuing to rally on Companisto.  To date, the fintech app has garnered over 459,010€ from nearly 1000 investors for 8.89% share offered.  The startup’s original funding goal was 400K€, which was surpassed and the campaign was extended to close in… Read More

August 19, 2016 @ 8:19 am By Erin Hobey  |  

Co-founded by Joschka Friedag, Malte Klussmann,  Konrad Maruszewski and Frane Bandov, Cringle, celebrating 336% overfunding on Companisto, is a smartphone app used to send money quickly to friends in Europe. By cooperating with the user’s principal bank, the app guarantees one’s bank’s normal high security standards. Cringle counts the Deutsche Kreditbank AG (DKB) as a partner. Over… Read More

August 9, 2016 @ 7:02 pm By JD Alois  |  

Companisto is reporting that crowdfunding alumni Foodist has been sold to Ströer providing an exit for early stage investors. Foodist raised capital on Companisto three times in consequitive funding rounds starting in 2013 and then in 2014 & 2015.  In total 2,399 investors or “Companists” as… Read More

July 29, 2016 @ 9:32 am By JD Alois  |  

Progressive German banking firm Fidor Group has been acquired by Group BPCE in France. The acquisition was described as enabling Fidor power international expansion, continue the development of its proprietary digital banking technology, and strengthen its overall presence in Europe. Fidor, an early innovator in the typically… Read More

July 28, 2016 @ 9:26 am By Erin Hobey  |  

German firms FinTech Group and Rocket Internet have teamed up to build a pan-European digital bank, according to a release. The bank is just the first stage of a “comprehensive technology partnership” between FinTech Group, which operates several fintech-related brands, and Rocket, the giant startup studio famous… Read More

July 21, 2016 @ 8:46 pm By JD Alois  |  

One day, in the not so distant future, taking trips to the local bank branch will be a thing of the past. No more queuing up to be scowled at while swiping a plastic card. Yes, I know. My parents and your parents cannot imagine… Read More

July 13, 2016 @ 12:04 pm By Therese Torris  |  

  Germany’s leading lending marketplace auxmoney reports continued strong growth. Loan volume increased from €39.3 million in the first half of last year to €79.5 million in the first half of 2016 ‒ an increase of more than 100%. Founded in 2007, by Raffael Johnen,… Read More

July 12, 2016 @ 8:15 pm By JD Alois  |  

German investment crowdfunding platform Companisto has launched its self crowdfunding round, presently only available to registered users or “companists”. Management described the initiative as “another chapter in [their] company’s history.” Details of the offer were not immediately available as all information was only available to… Read More

July 7, 2016 @ 11:08 pm By Therese Torris  |  

In the troubled post-Brexit context, many leaders in the UK traditional and alternative financial services are trying to reassure their market and even to present the Brexit vote as an opportunity for the UK. Their statements read like reactions of the French after a soccer… Read More

July 7, 2016 @ 4:00 pm By Therese Torris  |  

The Kleinanlegerschutzgesetz (Small Investor Protection Act), the law regulating crowdfunding in Germany went into force on the 10th of July 2015. A year after, the German Crowdfunding Association takes stock of its positive impact on the German crowdinvesting market and points to strong needs for… Read More

July 5, 2016 @ 12:52 pm By JD Alois  |  

In a report in Der Spiegel, Bitkom – “Germany’s Digital Association”, has revealed interim results of a survey on startups. According to the publication, less than half of survey respondents would want to launch a startup in Europe’s largest economy.  Over 30% see launching in… Read More

June 28, 2016 @ 10:28 pm By Karsten Wenzlaff and David Heberling  |  

  Crowdfunding introduces a new dynamic to the classic retail business. Consumers have direct access to early stage products, can give valuable feedback and create through their own marketing power the viral reach to new mass market products. Large corporations, such as Sony with their… Read More

June 26, 2016 @ 3:17 pm By JD Alois  |  

In February of 2014, Munich-based Bragi Dash launched their rewards crowdfunding campaign on Kickstarter. The concept was to create “smart” wireless headphones that combined a full set of features and technology currently unavailable in the retail market. The vision of founder Nikolaj Hviid, formerly Head… Read More

June 23, 2016 @ 8:50 am By JD Alois  |  

In a public statement referencing the Brexit, the CEO and founder of auxmoney, the largest German P2P lender, pointed to the current environment of high-volatility in markets and the contrasting, relative stability of investing in P2P loans. Reflecting the Brexit,Raffael Johnen stated; “Especially in this environment, P2P loans… Read More

June 20, 2016 @ 10:32 pm By JD Alois  |  

UK based Fintech startup Invoice Cycle has secured a solid $4 million seed round.  The funding, first reported in Tech.eu, said participating investors, along with SeedL joined in the round. Müller Medien is an interesting investor as its roots are more traditional businesses. Founded in… Read More

June 20, 2016 @ 2:49 pm By Samantha Hurst  |  

PricewaterhouseCoopers (PwC), an auditing and consulting company, announced on Monday that it has formed a partnership with Germany’s equity crowdfunding platform, Companisto.  According to the duo, the new partnership is meant to enable start-ups successfully financed through Companisto to get support on all aspects related to their… Read More