Insolvent crypto platform Nuri is wound up

The Berlin fintech has not found a buyer - now the accounts will be closed.

In August, the Berlin-based crypto platform Nuri filed for insolvency, and now the start-up is closing its accounts. The fintech, which was founded in 2015, informed its customers of this, around 200,00 people are affected, as financeforward writes. The mail recommended a switch to the neobank Vivid. The more than 100 employees of the failed company will also not continue to work.

The reason for the liquidation is that no suitable buyer has been found. According to the insolvency administrator, there were some offers, but none for a complete takeover. In the meantime, these offers have also been withdrawn. The company will soon be wound up.

The serious problems at Nuri began at the beginning of the year. The partner company Celsius filed for insolvency, which also affected Nuri's customers. It is not yet clear whether these investors will get their money back. Nuri was subsequently unable to successfully conclude a new financing round. According to the insolvency administrator, ten million euros would have been necessary.