Germany

DACH Payment Survey: Contactless Debit Card Preferred, but Cash Is Still King

Cash is the primary form of payment across Europe, being most frequently used in Austria and Germany and least frequently used in Finland. However, the frequency of payment method usage varies greatly between countries and age groups. The characteristic of

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Germany’s Biggest Ever VC Startup Growth Fund of Fund Aims for 1 Billion EUR

The VC fund of funds “Wachstumsfonds Deutschland” (Growth Fund Germany) has reached its EUR 1 billion target volume. A key building block of the Future Fund of the German Federal Government has thus been completed. The Wachstumsfonds Deutschland one of

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German Online Trading Platform Trade Republic Receives Full Banking License From European Central Bank

Trade Republic has obtained a full banking license from the European Central Bank (ECB). The additional license allows Europe’s largest savings platform to expand its product offering in the areas of investing and saving. Furthermore, corporate governance structures will be

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Scalable Capital Raises €60M Growth Financing

Scalable Capital, a leading digital investment platform based in Germany, announced the closing of a 60 million euro equity financing. This extension of the series E round was led by European venture capital firm Balderton Capital with participation from HV

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7 Young Fintech Startups from the DACH Region to Keep an Eye on

Fintech Innovators, a community of fintech and insurtech innovators from Germany, Switzerland and Austria (DACH), has released its annual report featuring the most exciting and fastest-growing fintech and insurtech companies across the DACH region. Produced in collaboration with robo-advisory platform

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N26 Goes Stocks and ETF Trading

N26‘s primary strategic goal remains sustainable and profitable growth. To achieve this, the company continues to position customer activity and daily account usage at the core of its product strategy across its portfolio of spending, saving, investment and credit features.

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Commerzbank Goes AI Banking via Avatars Powered by Microsoft Azure

Commerzbank launched a project to realize a new customer experience with an AI Banking Avatar as mobile first approach. The banking avatar is a virtual assistant in form of a digitalized person that interacts with customers in natural language. Customers

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Commerzbank Granted Crypto Custody Licence

Commerzbank is the first German full-service bank to be granted the Crypto Custody Licence pursuant to Article 1 Section 1a Sentence 1 No 6 German Banking Act (KWG). The licence will enable the Bank to build up a broad range

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Sebastian Vetter Exits Payoneer, Joins Truelayer as Germany Country Manager

TrueLayer, a prominent player in Europe’s open banking payments sector, has recently appointed Sebastian Vetter as its new Country Manager for Germany. This strategic move aims to strengthen TrueLayer’s presence in the German market, which is increasingly adopting open banking

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