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Fidor Bank is sold

Munich-based Fidor Bank is apparently being split up and sold. One part will go to the French technology and management consultancy Sopra Steria.

Tom Schmidtgen · Stuttgart, 23. December 2020

Fidor Bank is sold — Erst 2017 wurde die Fidor Bank für 100 Millionen Euro übernommen. Foto: Fidor Bank

Munich-based Fidor Bank is apparently being split up and sold. One part will go to the French technology and management consultancy Sopra Steria.

The French bank BCPE is selling its German subsidiary Fidor, reports Handelsblatt. It was once regarded as an innovative internet bank that also cooperated with the crypto trading platform Bitcoin.de. Then BCPE decided to sell the fintech. The sales process was apparently slow. In 2019, co-founder Matthias Kröner Jahr also left the company.

The purchase agreements have apparently already been signed. The business was split up and sold to two different buyers. According to Handelsblatt , the private customer business is going to the US financial investor Ripplewood Advisors LLC "at a bargain price". Fidor Solutions with its corporate clients, including many fintechs, is going to the French technology and management consultancy Sopra Steria.

Fidor Bank itself started as a fintech years ago and received its banking license in 2009. BCPE bought Fidor Bank in 2017 for around 100 million euros. The current sales price is not yet known.

Digitalbank Fidor Bank Fintech

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