Tag: Wirecard

FinTech Wirecard has filed for insolvency after a week of turmoil that saw it unable to account for a $2.1bn hole in its balance sheet and its former CEO being arrested on fraud allegations.

Having resigned on Friday as Wirecard's CEO, Markus Braun has now been arrested on charges of inflating the company's balance sheet.

The Wirecard scandal sweeping across the European FinTech space intensified over the weekend with CEO Markus Braun leaving the company as the board says the missing €1.9bn ($2.1bn) "do not exist."

German Wirecard saw its shares plunge by as much as 60% after the payment company revealed that €1.9bn ($2.1bn) was missing just as it was about to file its financial statements for 2019.

The highly publicised collapse of Wirecard has taken another turn with German prosecutors having arrested the head of the company's Dubai-based subsidiary.

FinTech funding in Germany declined nearly 90% in the first quarter of 2020 as no deals over $50m were completed, compared to the first...

Hot on the heels of signing a new partnership with Klarna in March, Wirecard has now inked a new deal with Visa to help the payment giant bolster the Visa Fintech Fast Track programme in the Middle East.

Swedish PayTech unicorn Klarna and Wirecard, the FinTech company, have launched a joint payment solution.

German FinTech companies have raised more than $5.9bn since 2015 FinTech companies in Germany collectively raised over $5.9m in funding across 286 transactions between...

SwatchPAY! has launched in Germany and Austria, with Wirecard serving as its exclusive payment partner.