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Tag: Maximilian Tayenthal

Remarkable: Leading FinTech Investor Valares Invests In German Open Banking Startup Ivy!

Fintech Mark Lagarde -
Berlin's PayTech Ivy, renowned for its innovative API, has announced its successful raise of $20 million in Series A funding at a $80-$90 million valuation. The funding was helmed by Peter Thiel's Valar Ventures round on LinkedIn. This new funding round came just five weeks after Ivy closed its seed financing round of $7.7 million, which saw investments from venture firm Creandum and prominent investors, including N26's founder, Maximilian Tayenthal.

Interesting: N26 Co-Founder Maximilian Tayenthal Pledget Substantial Part Of His Shares!

Fintech Mark Lagarde -
Founded by Austrians in Germany, the startup N26 is one of the European fintech unicorns alongside Revolut, Monzo, or Wise. 42-year-old N26 co-founder Maximilian Tayenthal is said to have pledged 3,000 no-par shares, representing 2% of the N26 share capital, in exchange for a loan from Austrian private bank Schelhammer Capital Bank reports Finance Forward. In total, Tayenthal still owns about 9.5 percent of the company.

FinTech 2021 – German unicorn N26 still on the growth track planning acquisitions

Fintech Ben -
The German FinTech unicorn N26 evidently seems to be on an unstoppable growth trajectory despite high losses. N26 said net losses at its core European business came in at 110 million euros in 2020, down from €165M in 2018. N26 has plans to make acquisitions, hire more employees , and expand into Brazil.

Wirecard Supervisory Board Stefan Klestil had to retire from N26

Fintech Charlene Lensburg -
He is the latest Wirecard victim. Stefan Klestil, the son of the former Austrian president, is the Lead Partner FinTech at the Austrian VC SpeedInvest. Now Klestil is catching up on his past as a member of the Supervisory Board of Wirecard and close business partner of its founder and CEO Markus Braun. He allegedly has to withdraw from the supervisory board of the German FinTech start-up N26 under pressure from BaFin.

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