Remagine files for insolvency
Sophie Deistler
| 24.01.2022
Just under a year ago, the fintech had raised 20 million euros. Now Remagine is apparently on the verge of going out of business.
The start-up Remagine has filed for insolvency. Torsten Martini has been appointed as provisional insolvency administrator, as Finance Forward reported.
Last year, the fintech wanted to change its business model: away from granting corporate loans to becoming a provider of business accounts. To do so, Remagine partnered with Solarisbank. They wanted to find an investor for the realignment. But the plan of the founders Sebastian Dienst and Julia Profeta Johansson did not work out.
Just a year ago, the situation for the start-up looked quite different: At the time, the Berlin-based company raised 20 million euros. Part of it they wanted to pass on as loans to start-ups. The money came from an undisclosed institutional investor from the UK and business angels such as former Global Head of Google Payment Jonathan Weiner and former Venmo CEO Michael Vaughn(we reported). The Berlin-based company won the prize in the "Sustainable Finance" category at the Fintech Germany Awards last October for its revenue-based funding business model.
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