Berlin fintech Nuri is insolvent

Frankfurt In the past few hours, the fintech has been struggling for a new round of financing, but now it is clear: the Berlin crypto bank Nuri is insolvent. The company announced this on Tuesday afternoon.

“We are confident that the insolvency proceedings in the current company situation represent the best basis for developing a long-term viable restructuring concept. We will do everything we can to ensure that our vision, products and services continue to enable our current and future customers to take their financial future into their own hands,” said Nuri boss Kristina Walcker-Mayer.

The current market environment with interest rate hikes, inflation and the Ukraine war has put fintechs under a lot of pressure since the beginning of the year. The past year was still a record year in terms of financing.