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German FinTech startup Monedo has gone bust, leaving the rest of the industry to speculate what this means for the sector.
Another German FinTech giant bites the dust with Monedo filing for bankruptcy after the pressures of Covid-19 became too much for the once celebrated company backed by investors like Peter Thiel and Naspers.
German online lender Kreditech is looking to scale globally after the close of a €20m equity financing round.
German credit scoring and lending company Kreditech has landed â‚¬110m in the largest equity investment into German FinTech company to date.
Kreditech, a German data analytics startups focused on credit and banking services, is taking on an additional €10m ($11m) for its Series C round.