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IDnow buys Wirecard subsidiary saving the jobs of 120 former Wirecard employees(German - 5 mins read)
The identity verification platform IDnow has agreed to take over 100% of Wirecard Communication Services resulting in over 120 former Wirecard employees joining IDnow. Good news for the employees after the huge scandal.
Klarna Valued At $10.65B After $650M Funding Round (English - 10 mins read)
Private equity firm Silver Lake is leading a group in a $650 million investment in Swedish-based fintech Klarna making it Europe’s most valued fintech company and the 4th worldwide. Klarna currently has over $1 billion in annual sales and over 3500 employees.
Presize.ai raises money from the famous Die Höhle der Löwen (The German version of Shark Tank)
The Munich based startup offers a solution to accurately obtain body measurements from just taking a video has managed to convince the Carsten Maschmeyer to make a deal of €650,000 for 15% valuing the company at more than 3 million euros. It is unusual for tech companies to raise funds through shows like Die Höhle der Löwen as these shows are usually focused on consumer products. Is it a start for a new channel to raise funds for tech-companies in Germany?
Isar Aerospace(TUM spin-off) develops low-cost launch vehicle specifically designed to carry small satellites into orbit(English - 8 mins read)
🚀 Technical University of Munich spin-off startup Isar Aerospace has developed a small, low-cost launch vehicle specifically designed to carry small satellites into orbit. Manufacturing is now set to begin in Ottobrunn.