Insolvent crypto platform Nuri is wound up

The Berlin fintech has not found a buyer - now the accounts are being 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 that around 200,00 people are affected, according to financeforward writes. The email recommended switching to Neobank Vivid. The more than 100 employees of the failed company will also no longer be employed.

The reason for the liquidation is that no suitable buyer was found. According to the insolvency administrator, there were several 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 In the meantime, these offers have also been withdrawn.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 start 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 complete a new financing round. According to the insolvency administrator, ten million euros would have been needed.