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Tag: N26

Fintech

January 28, 2021

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

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.

December 17, 2020

FinTech Review – FCA-regulated Bilderlings with Latvian roots

Bilderlings Pay Limited is regulated as an authorized e-money institution under reference No 900637 since May 2018. The institution is doing business as Bilderlings (www.bilderlings.com and www.bilderlings.eu) and offers international payments with app and debit card. Like TransferWise et al. The company was founded back in December 2015 and is led by Latvians Deniss Polakovs and Andrejs Zaharovs. Until recently, Latvian Aleksandrs Peskovs was listed as the beneficial owner.

December 13, 2020

European Fintech Festivals – Tink and Solactive receive €135 Mio fresh money

The COVID pandemic seems not to want to end. The BREXIT talks still show no promising perspectives, and nobody knows where the EU, Europe, and the world will be in a few months. This seems to motivate investors to invest even more in FinTechs. Theoretically, many FinTechs should benefit from the age of the home office economy triggered by COVID-19. This week again, the two EU-Fintechs Tink and Solactive announced successful financing rounds.

October 12, 2020

The PayTech Papers – Regulatory Challenge in Fighting Cybercrime

The revised Payment Services Directive (PSD2) to regulate payment services throughout the EU and EEA came into force in January 2018 and officially kicked-off the “Open Banking Era” with FinTech unicorns TransferWise, Revolut, Monzo, or N26 leading the pack. The number of licensed PayTechs in the EEA exploded as a study published in July 2020 shows. Unfortunately, the number of unregulated and therefore unauthorized acting PayTechs specializing in scams and cybercrime also exploded.

Fintech

September 21, 2020

Wirecard Supervisory Board Stefan Klestil had to retire from N26

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.

June 17, 2019

German fintech startup N26 blocked by traditional banks to stop online fraud

FinTelegram has repeatedly pointed out that many of the fraud cases involving illegal broker schemes would not be possible without the negligent or deliberate involvement..

startups

May 26, 2019

London payment startup TransferWise secured $292m investment at a $3.5b valuation

The London-based fintech startup TransferWise, focused on international money transfer service, disclosed last week a new $292 million secondary round at a valuation at $3.5..

May 26, 2019

German fintech unicorn N26 caught with anti-money laundering issues

In April 2019, German media outlets reported on a money laundering case around the German Fintech Startup N26. According to a research by the German..

Startup on Trial: Charlie Javice and the Frank Fraud – When Fake Users Fueled a $175 Million Acquisition

Charlie Javice, once hailed as a “female fintech prodigy,” now stands convicted of engineering one of the boldest startup frauds in recent history. Her student finance platform, Frank, was acquired by JPMorgan Chase for $175 million in 2021. What seemed like a triumphant exit turned out to be a carefully orchestrated lie — built on fake user data, fabricated customer lists, and manipulated metrics.

Startup on Trial: Alex Mashinsky Sentenced to 12 Years for Orchestrating Celsius Network FraudPC Gamer+5bloomberg.com+5Coindoo+5

In an expected decision underscoring the perils of unchecked ambition in the crypto industry, Alex Mashinsky, founder and former CEO of Celsius Network, has been sentenced to 12 years in federal prison. This sentencing follows his December 2024 guilty plea to securities and commodities fraud charges. Mashinsky was one of the crypto high-flyers in the crypto bull run 2020/21.

Investor Briefing: FinTelegram Confirms Negative Outlook For Alphabet (GOOGL)!

Alphabet Inc., the parent of Google, is under existential pressure for the first time in decades. With search traffic declining on key platforms like Apple Safari, a DOJ antitrust trial in full swing, and AI-powered rivals like ChatGPT and Perplexity eating into its moat, Alphabet's dominance is no longer a given. A recent 9% drop in its stock price — erasing $250B in market cap — signals market fear that the age of Google-as-default may be ending.

Legal Analysis: Landmark Ruling Against Moorwand Ltd in APP Fraud Case

The recent High Court ruling in the UK against Moorwand Ltd marks a watershed moment in the fight against authorised push payment (APP) fraud in the UK. The judgment held the FCA-regulated e-money institution liable for failing to prevent fraudulent transfers, reinforcing the application of the Quincecare duty to modern payment service providers.

DeFi Drama in the Dock – SafeMoon CEO John Karony on Trial for Massive Investor Fraud!

The sensational federal trial of SafeMoon CEO Braden John Karony kicked off in Brooklyn, promising to be one of the most explosive DeFi crime showdowns of the year. Karony stands accused of masterminding a multimillion-dollar scheme under the guise of a “decentralized” finance token that defrauded over a million investors. Former CTO Thomas Smith turned on him, founder Kyle Nagy reportedly hides in Russia.