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German Neobank Ruuky Files for Insolvency
source link: https://fintechranking.com/2023/01/10/german-neobank-ruuky-files-for-insolvency/
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German Neobank Ruuky Files for Insolvency
The German neobank Ruuky announced it has filed for bankruptcy after less than three years in operation.
The decision to file for insolvency came after Ruuky failed to secure fresh funding from either new or existing investors. According to Crunchbase, around 4 million euros in Venture Capital (VC) has been invested in the neobank by Cavalry Venture and Vorwerk Ventures.
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