Dependency on foreign capital is becoming a problem for start-ups

Düsseldorf, Hamburg German start-up financiers warn of a bottleneck because foreign investors are withdrawing in the crisis. According to a study published in advance by the Handelsblatt, the proportion of foreign donors was significantly higher at 75 percent than in other large European countries. According to this, the share of US funds in particular has […]

More contactless payments in corona crisis

N26 The bank sees a change in payment behavior among its customers due to the corona crisis. (Photo: Reuters) Berlin The fear of being infected with the corona virus apparently makes Germans refrain from cash. “In the meantime, 75 percent of all payments are made contactless, compared to less than 50 percent previously,” said Germany […]

Ant Financial participates in Klarna

Frankfurt It is a financing round of superlatives: the most valuable fintech in the world invests in the most valuable fintech in Europe. As the Handelsblatt found out beforehand from the Swedish financial service provider Klarna, Ant Financial joined the company as a partner. Klarna made no statements about the amount of the investment, only […]

Fintech Klarna, supported by Snoop Dogg, makes a loss for the first time

Frankfurt So far, profitable financial start-ups have been an exception. The Swedish payment service provider Klarna has so far been considered a model company. In the 15th fiscal year, the company posted a loss of EUR 85 million for the first time. This is clear from the annual financial statements that the company published on […]

Revolut confirms $ 500 million funding

Revolution The British smartphone bank has raised another $ 500 million. (Photo: Reuters) Frankfurt Nik Storonsky, co-founder of UK financial start-up Revolut, reports completion: His company has received $ 500 million from investors and is now valued at $ 5.5 billion, he said on Tuesday. This is not surprising. Storonsky had already announced the new […]