Germany

Birkenstock Preparing for September IPO in the US
Birkenstock Preparing for September IPO in the US
July 31, 2023  |  Retail

German footwear brand Birkenstock is reportedly getting set for a listing in the U.S. as soon as September. The brand’s owner, private equity firm L Catterton,...

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Binance Retreats in Germany as Crypto Landscape Shifts ‘Significantly’
Binance Retreats in Germany as Crypto Landscape Shifts ‘Significantly’
July 26, 2023  |  Cryptocurrency

Cryptocurrency giant Binance has suspended its plans to seek a license in Germany. A company spokesperson told PYMNTS Wednesday (July 26) that Binance has “proactively withdrawn” its...

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Mondu and Acquired.com Expand B2B BNPL in UK and Europe
Mondu and Acquired.com Expand B2B BNPL in UK and Europe
July 21, 2023  |  Buy Now Pay Later

B2B payments company Mondu has partnered with payments specialists Acquired.com. Through Acquired’s network, Mondu’s suite of B2B payment services will be available to customers across...

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JPMorgan to Expand Online Banking Platform Into Germany and EU
JPMorgan to Expand Online Banking Platform Into Germany and EU
July 21, 2023  |  Digital-First Banking

J.P. Morgan reportedly plans to expand its online banking platform Chase into Germany and other European Union (EU) countries. Preparations for such a move have...

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Raisin Predicts Deposit Base Will Grow to $56 Billion
Raisin Predicts Deposit Base Will Grow to $56 Billion
July 17, 2023  |  Banking

German FinTech Raisin is reportedly banking on a shift among lenders to alternative funding sources. The savings and investment platform anticipates that deposits for which...

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Flatpay Raises $16 Million for Flat-Rate POS Technology
Flatpay Raises $16 Million for Flat-Rate POS Technology
June 26, 2023  |  Point of Sale

Danish FinTech Flatpay has raised €15 million (about $16 million) in its Series A funding round to expand its presence in Denmark, Finland and Germany and...

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German Regulator Says Google Automotive Services May Violate Antitrust Rules
German Regulator Says Google Automotive Services May Violate Antitrust Rules
June 21, 2023  |  ANTITRUST

A German regulator has told Google that its connected car package may violate antitrust rules. The Federal Cartel Office said in a letter to the tech giant that the...

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FDIC Readies Sale of SVB’s $460 Million German Business
FDIC Readies Sale of SVB’s $460 Million German Business
June 16, 2023  |  Banking

Beginning next week, bidders will get the chance to purchase Silicon Valley Bank’s German business. The Federal Deposit Insurance Corp. (FDIC) is set to open a data...

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Eurozone Recession May Hint at What’s to Come for US
Eurozone Recession May Hint at What’s to Come for US
June 13, 2023  |  Economy

Slowed consumer spending led to a recession for the eurozone, stoking speculation of a global pullback. One consequence of a global economy is that when...

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