Bankruptcy

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At the beginning of July, the Hamburg fintech Rubarb had surprisingly filed for insolvency. Behind the company are Fabian Scholz and Jakob Scholz, the nephews of German Chancellor Olaf Scholz. In the past, the two founders had repeatedly used their relationship with the SPD politician for marketing purposes.

Berlin-based FinTech Vantik, which offers a digital pension plan in a cashback system, is insolvent. The company, which focuses on retirement planning in the form of a cashback system, has received financial support from Atlantic Labs, Seedcamp, STS Ventures, and, most recently, from the family office Custos. Attorney Christian Otto has been appointed as provisional insolvency administrator. Background information on insolvency is not yet known.