Needs Review
Wirecard expands to China
The DAX-listed fintech Wirecard is acquiring a majority stake in the Chinese payment processor Allscore Payment Services. At the same time, the Munich-based company's profit forecasts are pointing sharply downwards…
Needs Review
Scalable Capital withdraws from Switzerland
Due to a new legal regulation, the Munich-based asset manager Scalable Capital is no longer profitable in Switzerland.…
ecosystem
Startup association criticizes coalition decision
The governing coalition wants to support startups with a new KfW fund and higher tax allowances for employee share ownership. The Federal Association of German…
Deals
Crowdinvesting: Voltstorage raises one million euros
Voltstorage raised one million euros in just ten days via the crowdinvesting platform Wiwin. The Munich-based company develops and produces energy storage systems…
insolvency
Secure messenger Ginlo is discontinued
GMX founders Karsten Schramm, Peter Köhnkow, and Eric Dolatre wanted to offer a secure alternative to WhatsApp—encrypted and compliant with data protection regulations.…
study
Munich-based companies lead European investment ranking
Venture capital investments in Germany and Europe are breaking all records. A Munich-based company is at the top of Europe's investment rankings. In the third…
German Startup Monitor
Startups look optimistically into the future
The economic mood in Germany is becoming increasingly gloomy. Startups are bucking the trend and looking positively toward the future —…
Needs Review
Google builds headquarters in Munich's Postpalast
The American internet giant Google is purchasing Munich's Postpalast building at Hackerbrücke. 1,500 new jobs are to be created in the listed rotunda. Currently…
Needs Review
Rid Future Congress celebrates five years of “Trade in Transition”
Since 2015, the Günther Rid Foundation for Bavarian Retail, together with UnternehmerTUM, has organized the innovation competition "Retail in Transition." The…
Investment
Foodji: Kaufda founder joins vending machine startup
The Munich-based startup Foodji has won Christian Gaiser, co-founder of the Berlin-based company Kaufda/Bonial, and the European Angel Fund as investors.…
