Germany’s Unstoppable Finance to build Europe’s first DeFi bank
The fintech firm also plans to issue a fiat-backed euro stablecoin.
Germany
The latest fintech news, resources and expert analysis in Germany by the leading intelligence provider for the worldwide fintech community.
Deutsche Börse to acquire Denmark’s SimCorp in €3.9bn deal
SimCorp will sit within a newly created investment management solutions segment, Deutsche Börse says.
Allianz reportedly mulls sale of its shares in N26 at a discount
The Financial Times reports Allianz could be looking to sell its 5% stake in the digital bank.
BNP Paribas deploys Worldline solution to tackle SEPA direct debit fraud
BNP Paribas Cash Management will deploy Worldline’s Account Validation solution.
German fintech Raisin lands €60m in Series E funding
With the new investment, Raisin intends to accelerate its growth in the US.
German challenger N26 loses its chief risk officer
Thomas Grosse has quit the firm citing personal reasons. A successor has yet to be named.
Pliant raises $28m in Series A funding
Founded in 2020 and based in Berlin, Pliant offers a B2B credit card platform.
Deutsche Börse inks 10-year strategic partnership deal with Google Cloud
Deutsche Börse will leverage Google Cloud’s capabilities to develop its digital securities platform D7.
JP Morgan reportedly planning German digital bank offering
The launch is set for late 2024 or early 2025, Bloomberg reports.
DekaBank taps Metaco for digital asset custody platform Harmonize
The platform will enable DekaBank to offer custody services for cryptocurrencies and digital securities.
Liberis lands €30m in debt financing from Silicon Valley Bank UK
The funding will support Liberis’ targeted expansion across the Nordics and Europe.
German challenger N26 names Arnd Schwierholz as CFO
Schwierholz, who will assume the role of CFO on 1 February 2023, replaces Jan Kemper.
Commerzbank files lawsuit against EY over €200m Wirecard losses
Commerzbank has filed a suit against the accounting firm in Frankfurt court, Reuters reports.
German AML regtech Hawk AI lands $17m Series B
The round saw participation from investors including Sands Capital, DN Capital, Coalition and BlackFin Capital.
PayPal faces antitrust investigation in Germany
The Bundeskartellamt is investigating “practices possibly foreclosing competitors and restricting price competition”.
ICYMI fintech funding round-up: Ascendant, Evergreen, Kwara, Pilon & more
Featuring Ascendant, Evergreen, Komunal, Kwara, Pilon, and Sprinque.
Germany’s Gen Z neobank Ruuky files for insolvency
The neobank has assured customers that all their funds are secured and its app is still “fully accessible”.
Fintus acquires fellow German fintech Finstreet
The acquisition follows an investment from AnaCap Financial Partners into Fintus.
Challenger bank N26 sees changes in leadership structure
N26’s CFO and interim COO Jan Kemper has jointly agreed with the bank to step down from his role.
Solaris shakes up management board as it strives for profitability
The move is linked to a new target operating model and the firm’s new CEO, Carsten Höltkemeyer.
Bitcoin Group to buy Germany’s Bankhaus von der Heydt
The deal is expected to close in Q3 2023.
Commerzbank taps Nexi to develop card processing solution
Nexi says the DACH region is an “important potential growth area” for the firm.
SaaS start-up Taktile lands $20m to boost US expansion
The firm claims it has seen “rapid growth” in the US and has tripled its revenues over the last 12 months.
Social trading platform Naga taps TrueLayer for A2A payments
Naga users will be able to top up their accounts using A2A payments authenticated via biometrics.
Solaris CEO to step down in 2023, Carsten Höltkemeyer set to take over
As CEO designate, Höltkemeyer will work alongside current CEO Roland Folz to “orchestrate a smooth transition”.
Global paytech GPS hires Kim Ohlrogge as chief product officer
Ohlrogge, who joins from Germany’s Nexi/Nets Group, has assumed the role with immediate effect.
German challenger N26 partners Bitpanda to offer crypto trading services
The partnership will enable N26 customers to buy and sell almost 200 cryptocurrencies.
Deutsche Bank partners Fiserv to launch SME payments and banking solution Vert
Vert is a payment acceptance and banking services solution for SMEs.
Merck commits $20m to CNote to support underserved communities in the US
The money will go to underserved communities in regions where Merck currently operates.
NORD/LB taps Trade Ledger for corporate finance solution
Trade Ledger CEO Martin McCann says the digital solution the firm has developed for NORD/LB is a “world first”.
Hamburg Commercial Bank completes SEPA payments cloud migration
Completed in under 12 months, the implementation follows the migration of HCOB’s international SWIFT payments.
Berlin-based automated accounting platform Candis raises $16m
Candis is an accounts payable (AP) processes automation solution.
FNZ set to acquire German wealthtech provider Diamos
The acquisition will equip FNZ with additional wealth management product and service solutions.
Europe fintech funding round-up: Justhome, Ryft and SageWealth
A fintech funding round-up featuring three start-ups from Europe.
Proptech IMMO hires Hima Mandali as new CTO
Mandali will be responsible for scaling and developing the firm’s platform and products.
Neobank Nuri files for insolvency due to “challenging” market conditions
The Berlin-based neobank says the action will not affect its services, customer funds or investments.
German fintech Serrala hires Hartmut Wagner as CEO
Wagner will take over from current CEO Sven Lindemann on 15 August 2022.
Digital lending platform Auxmoney secures €500m to fund new loans
The financing has been provided by American multinational Citi and French investment bank Natixis.
Deutsche Bank to automate trade document checking with Traydstream partnership
The partnership will boost the bank’s efforts to digitise and automate its documentary trade business.
Danish fintech Ageras buys German neobank Kontist
Ageras co-founder and CEO Rico Andersen says the acquisition is a “critical step” in the company’s growth.
