You are here

Wirecard: the rise and fall of a fintech giant in Asia

Notwithstanding the fact that its subsidiaries did not file for bankruptcy and may not have been involved in the misdeeds, Wirecard's remaining business is in serious trouble.

A building at Wirecard's headquarters in Aschheim near Munich, Germany. Once the darling of the fintech industry, the payments provider is now in a predicament.

NEWS broke recently that fintech company Railsbank has agreed to acquire its competitor Wirecard UK's remaining assets, clients, and a number of employees. Moreover, Wirecard sold its operations in Brazil and advanced the process of selling its North American operations.

Once the darling...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to