Fidor Bank is sold
Tom Schmidtgen
| 23.12.2020
Munich-based Fidor Bank is apparently being split up and sold. One part will go to the French technology and management consultancy Sopra Steria.
French bank BCPE is selling its German subsidiary Fidor, Handelsblatt
reports. It was once considered an innovative internet bank that also cooperated with crypto trading site Bitcoin.de. Then BCPE decided to sell the fintech. The sales process went seemingly sluggish. in 2019, co-founder Matthias Kröner year also got out.The purchase agreements were apparently have already been signed. The business was split and sold to two different buyers. According to Handelsblatt
, the private customer business is going "at a bargain price" to US financial investor Ripplewood Advisors LLC. Fidor Solutions, with its corporate clients including many fintechs, is going to French technology and management consultancy Sopra Steria.Fidor Bank had started as a fintech itself years ago, they got their banking license in 2009. BCPE bought Fidor Bank in 2017 for about 100 million euros. Nothing is known yet about the current sale amount.
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Startup
2007
München
Fidor Solutions
Specialises in digital banking including middleware solutions, community based-banking, banking license shelter, customer support, marketing and customer acquisition services.
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