Bitpanda comes to Berlin

The license from Bafin is still missing, otherwise Bitpanda is ready for the German location: Currently, ten employees are already working from Berlin for the fintech, in the long term, it should be up to 100. The opening of the office is planned for the next two months.

A German license for the Austrian neobroker Bitpanda is still pending from Bafin, but the fintech is already looking to get closer to the German market: As co-founder Eric Demuth told Finance Forward Eric Demuth, ten employees are already working for Bitpanda from their home office in Berlin. There is still a lack of office space, but this is to be found in the next two months in order to permanently install the Berlin location. Then up to 100 employees should work from Berlin, currently the fintech has 18 job postings on LinkedIn for the Berlin location - and wants to "get the best people," as Demuth says to Finance Forward.

Bitpanda is expanding its offering and presence to make further inroads in the highly competitive fintech market: since February, Bitpanda has also been offering a white-label solution for other neobanks, and in March it raised $170 million, becoming Austria's first unicorn. In early July, N26's Head of Product, Michael Keskerides, moved to Bitpanda and will lead the product team for Bitpanda from Berlin.

In total, the neobroker employs over 500 people in Vienna, Madrid, Krakow and also Berlin. Founded in 2014 by Demuth, Paul Klanschek and Christian Trummer, Bitpanda has 2.7 million customers in Spain, Poland, Italy, France and Turkey. It is currently also looking for employees in the UK, and expansion into other markets is planned.