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N26 achieved its first quarterly profit in Q3 2024, with €2.8 million in net income and a 40% revenue growth to €440 million. The German bank...
Solaris secured €96 million in Series F funding led by SBI Group and existing investors. The funds will support the ADAC credit card program. The fintech...
In 2022, Klarna faced a severe financial crisis, with massive layoffs and a significant devaluation. However, under founder Sebastian Siemiatkowski's leadership, the company restructured, focusing on...
Trade Republic has struggled with customer inquiries since late 2023, prompting costly overtime and hinting at deeper operational issues. The decision to outsource customer service, rather...
Solaris enables startups to use its banking license and offers banking services to established companies. Bafin found significant deficiencies in Solaris’ operations, including money laundering prevention,...
Lemon Markets secured €12 million to launch new products and expand in Europe. Having received a securities trading license from Bafin in January, the company offers...
N26 will soon lift its growth limit, imposed by Bafin due to rapid expansion and inadequate risk management. Since correcting most deficiencies, the Berlin-based fintech can...
Berlin-based fintech company N26 expands its offerings to include stock and fund trading via smartphones, intensifying competition with neobrokers. With plans to offer 200 tradable stocks...
The deal is financially important for both companies, not only for Solaris bank. It also marks a turning point in the banking fintech's strategy. While the...
Personnel costs at Solaris SE alone rose by about €11 million. The number of employees in the entire group, including the British competitor Contis acquired in...