German neobank Nuri files for insolvency

August 12, 2022


German neobank Nuri files for insolvency

Nuri, a digital-first financial services company with a combined offering of a bank account and crypto investment platform, has filed for insolvency due to the current challenging market developments and subsequent effects on financial markets. The company claims that the step was necessary to ensure the continuity of operations and stresses that this move does not affect the company's services, users' funds or their investments and wallets.

Nuri statement also emphasizes the importance of Solarisbank AG partnership in ensuring that all of the funds in Nuri accounts are safe as the company is undergoing a managerial transition. The temporary insolvency proceedings do not affect deposits, cryptocurrency funds, nor Nuri Pot investments. Users have guaranteed access and will be able to deposit and withdraw all funds freely at any time. For the time being, nothing will change and Nuri’s app, product and services will continue to run.

Learn more by visiting the original source of this news article.

Discover Nuri

Nuri is a financial institution founded in 2,015 headquartered in Berlin, DE. Nuri, formerly known as Bitwala, is a fully-licensed German bank that comes a very convenient mobile app to manage, save and grow your money by earning up to 3% interest on your account, creating savings plans and investing in cryptocurrencies.

Nuri logo

Related News

Fintech Compass - Your financial navigator

The information provided on this website does not, and is not intended to, constitute financial nor legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the website administration and its members do not recommend or endorse the contents of these third-party sites. Please refer to third party websites for actual pricing.