Monday, September 26, 2022
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HomeBankruptcyRIP Vantik- German Retirement Provision FinTech Insolvent!

RIP Vantik- German Retirement Provision FinTech Insolvent!

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.

On Linkedin, Vantik most recently celebrated a milestone: “Last October, we reached our first milestone when over 1 million euros were spent with the Vantikcard. Last week, we increased that number tenfold, and a total of 10 million euros was spent. We are extremely pleased that our Vantikcard is being diligently used and thus also saved for retirement at the same time.”

Unfortunately, however, according to the company, a financing round unexpectedly fell through, necessitating insolvency. However, business operations will continue unabated and the salaries of the 20 employees are secured.

The Vantik team was already informed on Monday of the bankruptcy. The company was founded in 2017 by Til Klein and Lara Hämmerle and has received financial support from Atlantic Labs, Seedcamp, STS Ventures, N26 founder Max Tayenthal, and most recently from family office Custos. Several million are likely to have flowed into the FinTech. The last investment round dates back to April 2021.

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