French Banking Group BPCE Acquires German Fintech Fidor Bank
Posted: Wed Jul 27, 2016 8:15 pm
French banking group BPCE announced today in a joint statement that it has acquired German online bank, Fidor, to accelerate its international expansion and drive the development of its innovative digital technology further.
The move will address a funding squeeze and help Fidor reach the next phase of growth.
Fidor, founded by Matthias Kröner in 2009, is a well-known name in the German fintech scene. It has built a network of 350,000 people in the UK and Germany who are rewarded for providing each other with financial advice.
Kröner said: “In a world of increasing volatility it is important to be member of ... (read more)