Tag: Nuri
-
Crypto Winter And The End Of A German Crypto Hope!
•
Nuri is the first German fintech to feel the full force of the crypto crash. No buyers could be found for the insolvent bank, and the company is ceasing operations. That’s what its 200,000 customers now face.
-
German Crypto Bank Nuri Filed For Insolvency!
•
Crypto Winter and the Celsius virus officially arrived in Germany. Berlin-based digital bank Nuri (website) filed for insolvency only two months after announcing layoffs. The crypto fintech struggled with the rout in crypto prices and economic uncertainty. Nuri (previously Bitwala) was not able to find fresh funds. In a statement, the…
-
German-British SumUp Cuts Jobs In Brazil While Expecting Fresh Money!
•
According to the #DealMonitor of Deutsche Startups, the German-British FinTech SumUp is about to close a finance round for $400 million at a value of $6.5 billion. The Fintech was founded in 2011 by Daniel Klein, Marc-Alexander Christ, Stefan Jeschonnek, and Jan Deepen. It positions itself as a mobile point-of-sale…