Tag: N26
60 percent of purchases are paid in cash
money in the till Customers used cash, especially for smaller amounts. (Photo: dpa) Frankfurt Consumers in Germany still prefer to pay with cash. 59.4 percent of all transactions at the…
Berlin Fintech Upvest cooperates with Neobank
Frankfurt Major milestone for Upvest: The investment-as-a-service provider has won the British neobank Revolut as a new partner. The more than 29 million Revolut customers can now trade ETFs (“Exchange…
Allianz X sets the course again
Munich, Frankfurt The Allianz holding company wants to use the significant valuation discount in the fintech sector to make noticeable changes in its portfolio. “We want to strengthen our presence…
N26 is laying off four percent of its workforce
Smartphone bank N26 71 employees have to leave the company. (Photo: dpa) Frankfurt The Berlin smartphone bank N26 is laying off 71 employees, which corresponds to around four percent of…
Checking account stuck in the niche – Big competition
Klarna app The payment service provider Klarna recently launched a price comparison service for online shopping in Germany. Klarna is one of the big payment companies, but the current account…
N26 investor wants to sell shares
Smartphone bank N26 An N26 investor wants to sell shares in the company. (Photo: dpa) Frankfurt, Munich Allianz X’s patience is apparently over: the Munich insurer’s holding company, which owns…
German fintechs are again attracting increasing interest from venture capitalists
Berlin skyline The capital is in demand with German fintechs. (Photo: Imago/Westend61) Frankfurt German fintechs are currently attracting significantly more interest from venture capitalists. In the first quarter of this…
Check24 with only 100,000 customers after three years
Check24 The bank of the comparison portal Check24, C24, currently has total assets of a good one billion euros. (Photo: dpa) Frankfurt Around three years after its launch, the bank…
C24 with only 100,000 customers after three years
Check24 The bank of the comparison portal Check24, C24, currently has total assets of a good one billion euros. (Photo: dpa) Frankfurt Around three years after its launch, the bank…
Criticism of N26 bosses continues – Stalf defends himself
Frankfurt The criticism of the founders and bosses of the Berlin smartphone bank N26, Valentin Stalf and Maximilian Tayenthal, is harsh. In an email in February 2022, six executives accused…
Big US banks benefit from SVB bankruptcy
Denver, Dusseldorf After the end of the Silicon Valley Bank (SVB) and two other small US institutions last week, Americans are shifting their deposits on a grand scale. The main…
This is how the start-up industry is working through the bankruptcy
Berlin, Dusseldorf, Frankfurt, New York, San Francisco The Silicon Valley Bank (SVB) and the start-up scene – for a long time it was a symbiosis. “The SVB was the gold…
What founders can learn from the failure of Silicon Valley Bank
Silicon Valley Bank After the collapse of the bank, which is also popular with German start-ups, venture capital experts advise young companies to use more effective risk management. (Photo: Reuters)…
Conflicts between fintechs and Bafin are increasing
Mark Branson The Bafin boss finds some processes in the crypto business scandalous. “There were providers who were obviously amateurish and infantile,” he criticizes. (Photo: dpa) Frankfurt Hardly anyone in…
Setting up a works council: start-ups in court
Dusseldorf, Berlin Right at the beginning of the hearing before the Berlin labor court, Judge Michael Ernst makes it clear: “This will not be a tribunal. It’s not about Flink.”…
Who are the next unicorns in Europe?
Hamburg energy start-up 1Komma5 is considered a candidate for a billion dollar valuation Former Tesla Germany boss Philipp Schröder founded 1Komma5. Berlin The Cologne translation service DeepL is the youngest…
Who are the next unicorns in Europe?
Sunfire from Dresden is one of the unicorn candidates According to financial circles, the Dresden start-up is already negotiating a new cash injection. (Photo: Reuters) Berlin The Cologne translation service…
Commerzbank pays first dividend since 2018 – share buyback planned
Commerzbank building in Frankfurt The bank wants to protect a dividend for 2022. (Photo: dpa) Frankfurt Commerzbank wants to pay a dividend for the first time in four years. Commerzbank…
N26 wanted to buy Dutch broker Bux
Frankfurt It would have been the biggest deal in the history of N26: According to Handelsblatt information, the financial start-up wanted to buy the Dutch securities dealer Bux, but then…
N26 hires former CFO of Flixbus and Air Berlin as new CFO
Arnd Schwierholz The new chief financial officer of N26. (Photo: N26) Frankfurt N26 has found a successor for Jan Kemper: Arnd Schwierholz will become the new chief financial officer of…