Verimi and Yes could merge
Janina Gerhardt
| 08.08.2022
According to media reports, the two companies are negotiating a merger. Both start-ups are backed by major banks.
The two identity startups Verimi and Yes could merge in the future, as Finance Forward reported. According to the report, the outcome of the deliberations is a possible withdrawal of the savings bank from Yes.
The savings banks had bought into the start-up Yes together with the Volks- und Raiffeisenbanken. However, the operational development at Yes had apparently not been satisfactory. The investment was also controversial within the savings banks, reports Finance Forward. There had also been technical problems with the application, which had contributed to the dissatisfaction. Now, the boards of the German Savings Banks and Giro Association (DSGV) would discuss a possible exit from Yes.
One possible solution to this could be a merger with the start-up Verimi, in which Deutsche Bank as well as Allianz and VW Financial Services have a stake. However, the company has come under criticism for an unreported data leak and allegations of manipulation.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectTake care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.
Share on Linkedin Share on Facebook Share on XingRelated companies
Startup
2017
Berlin
Verimi
Identity and trust platform that combines all the functions related to digital identity.
FYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
