Tagged: germany

EstateGuru Works with Varengold Bank to Offer Property Backed Loans in Germany

EstateGuru, an Estonia-based peer to peer lender facilitating secured loans, has announced a partnership with Varengold Bank in Germany. According to a note from EstateGuru, the term sheet provides for a fronting agreement where Varengold will provide a regulatory umbrella for EstateGuru to provide an… Read More

Bruce Pon: CEO at BigChainDB Explains how Ocean Protocol Allows Developers to Build Marketplaces for Sharing Data

  We recently connected with Bruce Pon, Founder of Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data. Pon is also the CEO at BigChainDB, which is an organization that allows app… Read More

Wirecard’s Former CEO Testifies in Front of Parliamentary Committee, Meanwhile Wirecard’s Core Business Has been Sold to Santander

Infamous Fintech Wirecard AG (WDI:DE) has seen its core European business sold to Banco Santander according to the insolvency administrator. Jaffe reports that the assets of Wirecard AG, Wirecard Technologies GmbH and other companies of the Wirecard Group, and the assets of the European core business were… Read More

Digital Banking: Revolut to Support Open Banking for Customers in Germany

Prominent digital bank Revolut has confirmed that it will support Open Banking for its customers in Germany. According to a release, the new Open Banking features will allow Revolut’s German customers to easily connect their accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse with… Read More

Deutsche Bank Says the EU is Far Behind on Digital Innovation, Predicts CBDCs Will Replace Cash

Deutsche Bank’s research division is out with an edition of Konzept that tackles contemporary political and economic issues while looking towards the future. One area of focus is digital innovation and how it impacts the European Union’s ability to compete – globally. According to Deutsche… Read More

Yapily Announces Expansion of Operations & Launches in Germany

Yapily, a UK-based open banking infrastructure provider, announced earlier this week it has expanded and launched in Germany as it turns its attention to drive open banking adoption for organizations throughout Europe. As previously reported, Yapily is an enterprise connectivity platform that enables companies to… Read More

Netherlands Top Debt Crowdfunding Platform Geldvoorelkaar.nl Forms Partnership with Debt Marketplace CrossLend

CrossLend and Dutch crowdfunding platform Geldvoorelkaar.nl have formed a partnership to fund peer to peer loans. Geldvoorelkaar.nl went live in 2010 as the first crowdfunding platform in the Netherlands. In 2019, Geldvoorelkaar.nl was recognized as the market leader in crowdfunding in its home country.  Geldvoorelkaar.nl… Read More

Auxmoney: BNP Paribas Invests in €500 Million Worth of Loans

auxmoney, a marketplace lending platform that serves both private and institutional investors, is leveraging €500 Million from BNP Paribas to invest in loans originated on the marketplace. auxmoney said it is taking the next big step on its way to becoming one of the leading… Read More

Global Early Stage VC Antler Opens Office in Berlin

Antler, a global early-stage venture capital firm that seeks to invest in the defining technology companies of tomorrow, has opened an office in Berlin. In the past, Antler has backed a good number of Fintechs. Berlin has emerged as a hot startup ecosystem. Antler notes… Read More

Ethereum as a Service Platform SKALE Network to Use Custody Support Services from Finoa for SKALE’s Native Token

Finoa has partnered with Skale Labs in order to offer institutional-grade custody support for SKALE, which is the native token that’s used to power the SKALE Network. The SKALE Network is an Ethereum-as-a-service platform that has been developed to support the “exponential” growth of the… Read More

German Fintech Vivid Money Secures €15 Million Through Series A Funding Round Led By Ribbit Capital

German-based fintech startup Vivid Money announced on Thursday it secured €15 million through its Series A funding round, which was led by venture capital firm Ribbit Capital. The investment brings Vivid Money’s valuation to €100 million. Launched earlier this year, Vivid Money stated it offers… Read More

Ocean Protocol to Work with Central Bank of Germany to Develop Decentralized Data Sovereignty Solution

The developers of the Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, have partnered with the Central Bank of Germany. Through the partnership, both organizations will develop a “decentralized” data sovereignty… Read More

More than Half of European SMEs May Shut Down Permanently in Next 12 Months Due to Challenges Created by COVID: Report

The COVID-19 pandemic has negatively impacted the operations of small businesses across the globe. European SMEs are the lifeblood of the region’s economy and a recent report claims that nearly half of these companies might shut down within the next 12 months. According to research… Read More

Penta Teams Up With Raisin to Introduce Overnight & Term Deposits From WeltSparen

  Digital banking group Penta announced on Thursday it has teamed up with Raisin to introduce overnight and term depots from WeltSparen. Penta reported that the partnership will enable better interest rates on business accounts for its customers, which is now more than 22,000 small… Read More

German Digital Bank Insha Attracts €2.5 Million in Seed Funding From Payment Provider Param

  Insha, a Germany-based online banking startup, announced on Tuesday it secured €2.5 million in seed funding from payments provider, Param. Founded in 2018, Insha states it offers an innovative and fully digital account based on the principles and does not engage in interest-based transactions… Read More

Open Banking Survey from ING Reveals that what Consumers Say and Do with Finances aren’t Necessarily the Same

What consumers might say and what actions they take when it comes to sharing personal financial data (via Open Banking) are two different things, ING Bank notes. Although there are many tools to help improve our financial lives, the findings of an ING global survey… Read More

Association of German Lending Platforms Adds Five New Members

The Association of German Lending Platforms (VdK), a group representing digital debt financing, has added five new members. According to a release, finpair, NetBid Finance, Exaloan, d-fine and SWK Bank, have all joined the association now making 18 members in total. The new members include… Read More

Real Estate Marketplace Zinsbaustein.de Partners with Primus Valor on Real Estate Fund Offering

Zinsbaustein.de, a real estate crowdfunding marketplace, is expanding its model by offering a new real estate fund. In partnership with Primus Valor, the platform is offering an alternative investment fund (AIF), “ImmoChance Deutschland 10 Renovation Plus” (ICD 10 R +) that is said to focus… Read More

Germans are Not Using Banking Apps as Much as Expected, but Are Using Online Trading Apps More Frequently After COVID: Report

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

Germany’s Social Trading Focused Brokerage Firm, NAGA Group, to Launch Digital Banking Platform in November 2020

NAGA Group (XETRA: N4G), a Germany-based social trading-focused brokerage firm, reported its financial results on October 5, 2020, for Q3 2020. The NAGA Group claims that it generated record sales and trading volume. The company’s sales volume reportedly increased by 506% year-on-year to €7.1 million… Read More

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