Javascript is disabled in your browser

Startbase requires Javascript in order to display content.
Please check your browser settings and enable Javascript-Support for this website.

Wise suspends account of shooting vest startup

Lars-Thorben Niggehoff | 04.01.2023

Wise suspends account of shooting vest startup — (Foto: Jorono/Pixabay)

Bulletproof Ukraine supplies Ukrainian civilians with protective vests. But now the British financial services provider is blocking the company's account.

The financial services provider Wise has apparently blocked the account of the start-up Bulletproof Ukraine. This was announced by founder Madina Katter in a LinkedIn-post announced. Bulletproof Ukraine makes bulletproof vests for Ukrainian journalists, medics and volunteers.

Because of this, Wise now classifies the startup as a weapons manufacturer, which is why the company is in violation of the British financial firm's terms and conditions. Speaking to Gründerszene Katter pointed out that Bulletproof Ukraine does not supply the military and conducts extensive background checks on all interested parties. So far, the company has sold around 600 vests.

Bulletproof Ukraine is now unable to pay its outstanding invoices for the time being. However, the company wanted to stop its activities soon anyway, as the demand for bulletproof vests in Ukraine is now better covered than it was a year ago. However, the delivery of the last vests is now threatening to fail.

Flop

Like it? Please spread the word:

Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take 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 Xing

Similar posts

News Paul Valentine apparently slides into insolvency proceedings The startup is actually an Instagram success story, but now it's falling into crisis, according to a media report.

Nils Wischmeyer

News Windeln.de is wound up The search for an investor has apparently failed. Now the platform for baby supplies is to be discontinued.

Janina Gerhardt

News Clue lays off a quarter of its workforce In the current market environment, the fertility start-up is also putting profitability before growth. That is why a number of employees are now having to leave the company.

News IG Metall accuses Tesla of poor working conditions at Grünheide plant Employees of the union report stressful shift systems and a poor working atmosphere. Because of a confidentiality clause, they do not know whether they are allowed to talk to the union at all.

News Serious accusations: JP Morgan sues founder JP Morgan had acquired a fintech from the young entrepreneur for $175 million.

Felix Leitmeyer

News Start-up investments plummet - and Habeck has bad news for business angels And that's not the only bad news for founders: the federal government is also suspending a grant program for startup investors.

Felix Leitmeyer

News Disney CEO wants employees back in the office four days a week Bob Iger is bringing the workforce back into the office starting March first. The move is rigorous even for tech companies.

News Enpal responds to criticism of pricing model The Berlin-based Unicorn rents out photovoltaic systems, among other things. This has been criticized by competitors - now the start-up is giving an insight into its pricing.

News Amazon lays off more than 18,000 employees The company is thus cutting significantly more jobs than previously announced.

Janina Gerhardt

News Sales shock for Creditshelf The fintech has to revise its annual forecast for 2022 downwards. Millions are at stake.

Nils Wischmeyer

News News week 17 - 2024 Gitti Conscious Beauty launches crowdinvesting campaign. Innovation partnership between FIASCO and PlanSo. Strategic partnership between Sachpool and Cherrisk. 20 years of Manage and More. BayBG increases investment...

News PLUTA attorney Mr. Bohnhoff seeks investor for the startup mittemitte Investors wanted: PLUTA attorney Mr. Bohnhoff initiates the search for an investor for the Berlin-based start-up mittemitte, which has developed a water treatment device.

News roclub secures 4 million euros in seed financing With 4 million euros in seed funding: roclub sets new standards for remote medical technology and improves access to healthcare.

News An hour's work cost an average of 41.30 euros in 2023 - sixth highest value in the EU Labor costs in Germany: how high are they compared to the EU average? New figures reveal the costs per working hour and place Germany in sixth place in the EU.

News Parloa secures 66 million dollars in financing Altimeter Capital and other tech funds lead Parloa's financing round. Parloa plans to expand into the US and other international markets to transform customer service for companies worldwide.

News Bitdefender launches Voyager Ventures program to support start-ups Bitdefender launches Voyager Ventures program: Cybersecurity startups receive financial support and technology access for innovation! Discover how your startup can benefit.

News Kühne Holding acquires Aenova from BC Partners Major deal in the pharmaceutical industry: Kühne Holding acquires Aenova Group from BC Partners - With the new support, Aenova plans to further expand its position as a global market leader in contract development and...

News MARKT-PILOT receives €40 million Series A The Esslingen-based startup secures 40 million euros in a Series A financing round led by Insight Partners. MARKT-PILOT positions itself in the mechanical engineering sector with SaaS platform for market-oriented...

News Cultimate Foods receives 2.3 million euros in seed financing Culitmate Foods receives 2.3 million euros for the future of the plant-based meat industry! The startup develops alternative fat that gives plant-based meat products an authentic taste!

News Main Capital Partners announces largest strategic exit with Enovation Main Capital Partners celebrates record exit. Enovation takes the next step with Legrand: New chapter after successful collaboration with Main.