Tagged: germany

Cross-Border Savings and Investment Marketplace Raisin Surpasses €20 Billion in Deposits

Berlin-headquartered Raisin, a cross-border savings and investment marketplace, has confirmed the strategic placement of more than €20 billion with banks based in 25 different countries. Raisin’s management noted that it’s currently managing an investment volume of more than €500 million.  Raisin also announced that it… Read More

Update: Hycube Set to Close Seedrs Round With Nearly €1.6 Million Raised

Germany-based renewable energy storage solution, Hycube, is set to close its equity crowdfunding campaign on Seedrs with nearly €1.6 million raised from more than 1150 Seedrs investors. As previously reported, Hycube was notably created to build world-class energy storage systems by taking energy from solar… Read More

Leaving the UK: Digital Bank N26 Points to Brexit as Cause to Close All British Accounts

In a bit of a shocker, Germany based digital bank N26 has decided to exit the UK market and close all customer accounts apparently due to Brexit. According to a blog post, the Fintech said leaving the UK does not change their global vision to… Read More

Digital Transformation: Deutsche Bank Is Accepting Bids from Amazon, Google, Microsoft to Help Upgrade its Legacy IT Systems

Deutsche Bank (NYSE:DB), a global investment bank and financial services company based in Frankfurt, Germany and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange (with  €1.34 trillion assets), is reportedly inviting project bids from Amazon, Google and Microsoft in order to upgrade its… Read More

BitGo Expands: Announces New Custodial Entities to Switzerland & Germany

Blockchain software firm BitGo announced on Monday it is expanding its global presence with new custodial entities in Switzerland and Germany. According to BitGo,  BitGo’s Swiss entity BitGo GmbH is a member of the Financial Services Standards Association (VQF), supervised by the Swiss Financial Market… Read More

Bitbond to Provide Security Token Service to Regulated Bank – Bankhaus von der Heydt

Bitbond, a Germany based Fintech that provides online lending and tokenization services, has announced a new partnership with a regulated bank, Bankhaus von der Heydt. Bitbond will now help the bank provide  asset structuring and asset servicing using blockchain technology. Bankhaus von der Heydt was… Read More

BaFin, Germany’s Financial Supervisory Authority, Clarifies How New Digital Assets Law Applies to Firms Operating Outside of the Country

BaFin, Germany’s financial supervisory authority, recently clarified how the leading European nation’s new crypto-asset custody law would apply to companies that are operating outside of the country, yet still serve local markets. BaFin’s latest guidance, published last month, notes that firms which are currently custodying… Read More

European Central Bank Partners with Digital Innovation Platform Reply to Offer AI and Machine Learning Coding Marathon

The European Central Bank (ECB) has partnered with Reply, a platform focused on digital innovation, in order to offer a 48-hour coding marathon, which will focus on teaching participants how to apply the latest artificial intelligence (AI) and machine learning (ML) algorithms. The marathon is… Read More

UK-based Online Real Estate Investment Platform BrickVest Acquired by German Firm Patrizia

UK-headquartered digital real estate investment platform BrickVest has reportedly been acquired by Patrizia, a Germany-based firm. Details regarding the terms of the deal and the amount paid for the purchase have not been shared publicly. Established in 2014, BrickVest allows customers to invest in pre-screened… Read More

Varengold Bank Opens Fintech Hub in Berlin

Germany-based banking group Varengold Bank announced on Monday it has opened its new fintech hub in Berlin. According to Board of Managing Directors member, Frank Otten, the new hub will “add value” for the Varengold Bank’s current customers in Berlin because the bank will provide… Read More

Germany-based Fintech firm Heidelpay Is Seeking Acquisitions, Might Launch IPO

Germany-based Fintech firm Heidelpay is reportedly seeking acquisitions and might launch an in initial public offering (IPO), according to its CEO, Mirko Huellemann. He recently stated: “An IPO is of course always an option for fresh capital.” Huellemann’s comments regarding the firm’s business plans are… Read More

Deutsche Bundesbank and Deutsche Börse Join in Publishing Study on Usage of Distributed Ledger Technology

Deutsche Bundesbank and Deutsche Börse have joined forces in publishing a study on the uses of distributed ledger technology (DLT) or blockchain. The bank and exchange believe that “DLT solutions can deliver substantial benefits” and “tokenized securities and baskets substantially improve collateral mobility.” The pro-blockchain… Read More

Update: Hycube’s Equity Crowdfunding Round Surpasses €1.2 Million in Funding on Seedrs

Hycube, a Germany-based renewable energy storage solution, has successfully secured more than €1.2 million in funding through its equity crowdfunding campaign on Seedrs. The company launched the funding round earlier this month and quickly surpassed its €1 million funding target and has so far attracted… Read More

N26 Milestone: Digital Bank Celebrates Five Million Customers in Five Years

Digital-only bank platform N26 announced on Wednesday it now has more than five million customers who are banking on its platform around the globe. The company stated: “As we enter a new decade, we’re delighted to share some more fantastic news. N26 has reached another… Read More

GreyP Completes Equity Token Offering on Neufund. Securities are Distributed as Investors Will Also Benefit from Neu Token Distributions & Payouts

GreyP Bikes (an e-bike company), one of the first “equity token offerings” or ETO to complete a primary issuance on the Neufund platform distributed the digital securities to investors last week. The security offering began last October with a pre-sale followed by a public sale… Read More

France-based Digital Bank Qonto Secures $115 Million via Series C Round Led by Tencent, DST Global

France-based digital bank Qonto has secured $115 million through a Series C investment round led by Tencent and DST Global, in order to help it further penetrate key markets, implement new features to tailor its products and services to specific market segments, and hire new… Read More

German P2P Lending Marketplace auxmoney Plans to Create Many New Jobs for Highly-Qualified Professionals in 2020

Düsseldorf-based Fintech auxmoney is one of Europe’s largest credit marketplaces. Private and institutional investors can use auxmoney to make direct investments in pre-approved borrowers of various different score classes.  auxmoney recently began issuing loans to small and medium-sized enterprises (SMEs). The company uses its customized… Read More

German Insurtech GetSafe Announces UK Expansion

Getsafe, a Germany-based insurtech startup, announced on Thursday it has started its digital contents insurance expansion into the UK. The expansion of services comes less than a year after Getsafe secured $17 million through its Series A funding round, which was notably led by Earlybird… Read More

Overfunding: German Renewable Energy Storage Solution Hycube Quickly Surpasses €1 Million Funding Target on Seedrs

Hycube, a Germany-based renewable energy storage solution, has successfully secured its initial €1 million equity crowdfunding target on Seedrs.  The company stated that it was created to build world-class energy storage systems  by taking energy from solar panels and storing it for later use in… Read More

Germany: Online Lender creditshelf Reports 59% Increase in Revenue in Q3

Creditshelf Aktiengesellschaft (CSQ.DE), an online lender targeting SMEs in Germany, has released its Q3 2019 numbers. According to the Fintech, topline revenue for the first 9 months of 2019 rose to €2.46 million versus €1.57 million during year prior. The increase in revenue was said… Read More

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