Tag: Germany

German antitrust watchdog the Federal Cartel Office (FCO) has begun an investigation into PayPal to examine whether it is using its power to restrict market competition.

Global wealth management platform FNZ has acquired Fondsdepot Bank, a German platform for trading and custody.

B2B payments company Mondu has extended its Series A funding round by $13m, as it looks to bolster its market growth.

German neobank Ruuky has filed for insolvency, after it was unable to overcome market dynamics and raise additional funding.

secjur, a Hamburg-based provider of an AI-powered compliance automation platform, has scored €5.5m in seed financing.

Berlin-based InsurTech giant wefox has appointed Laura Eschricht as its new chief marketing officer.

Justhome, a next generation home financing startup, has collected €3.3m in its pre-seed round.

Germany is intending to create a new financial crime authority that would seek to bring together several areas under one umbrella, according to Reuters.

Qonto, a European business finance solution, is set to acquire German FinTech Penta over the next few weeks.

Germany-based Ride Capital, which aims to democratise wealth structuring, has reportedly raised €3m in funding.