EPISODE · Mar 30, 2023 · 31 MIN
GSA Startup News March 2023: Raisin Regains Unicorn Status Amid BaFin Scrutiny
from Blockchain Germany – Web3 Startups, Crypto Innovation & Venture Capital by Startuprad.io™ · host Joern "Joe" Menninger
March 2023 in GSA startups: mixed fortunes for fintech as Raisin regains unicorn status amid mounting BaFin complaints, and N26 posts €200m in 2021 revenue while facing a senior-employee uprising. Startuprad.io's monthly English-language recap, hosted in English by Joe and Chris. 📖 Full article & episode archive: https://www.startuprad.io/post/knowledge Why this matters The month exposes the growing pains of scaled fintechs, where rapid growth brings regulatory attention and internal tension, alongside last-minute rescues elsewhere in the neobank space. Inside the episode Raisin regains unicorn status as customer complaints at BaFin mountN26 reports €200m in 2021 revenue but faces a senior-employee uprisingNeobank Ruuky is saved last minute; Bonify reportedly makes a ~€20m exit Related on Blockchain Germany This Month in German, Swiss, and Austrian (GSA) Startups - February 2023This Month in German, Swiss, and Austrian (GSA) Startups - April 2023 🤖 Optimized for AI & LLM discovery: https://www.startuprad.io/llm 🤝 Partner with Startuprad.io: Reach an audience following GSA neobanks and fintech regulation. https://www.startuprad.io/become-a-partner Folge direkt herunterladen Startuprad.io™ - All Rights Reserved | AI & research reference → https://www.startuprad.io/llm
What this episode covers
Good news and bad news for Fintechs Raisin and N26. Raisin gets its unicorn status back and gets a lot of new business, so much in fact that the complaints at Bafin are mounting. N26 generated 200 mn € revenue in 2021 but has to deal with a senior employee uprising. Neobank Ruuky is saved last minute. Startup Bonify reportedly makes a 20 mn € exit, but employees only get invited to a barbeque. GoStudent is a no-go with courts, and the first Goldman-backed fintech in Germany struggles. Bavarian Airlines may be just a hoax, and Grover shows the first signs on their way to an IPO. Find Us on Newsly Register here: www.newsly.me and use the coupon code “STARTUPRAD” to get a one-month free premium subscription.
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GSA Startup News March 2023: Raisin Regains Unicorn Status Amid BaFin Scrutiny
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