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German fintech Nuri files for insolvency
source link: https://fintechranking.com/2022/08/10/german-fintech-nuri-files-for-insolvency/
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German fintech Nuri files for insolvency
German fintech firm Nuri, formerly known as Bitwala, filed for insolvency at a Berlin court on Tuesday.
The company filed for insolvency to “stay ahead of a lasting strain on the liquidity of [the] business,” Nuri wrote in a blog post. Amont other issues, the firm mentioned the Terra/Luna collapse and crypto lending firm Celsius’ insolvency as reasons behind the filing.
Read more: The Block
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