Berlin-based neobank Nuri has officially closed down the shop, citing “insuperable” challenges, which kept the firm from raising new funds or finding an acquirer. Formerly known as Bitwala, Nuri filed for insolvency in August this year after letting go of 20% of its workforce as the firm struggled with the rout in cryptocurrency prices. According to Nuri, the firm has worked “very closely” with its insolvency administrators on a restructuring plan since then, trying to find a potential acquirer. “Unfortunately, we have not been able to find investors to continue our mission and have ...
Continue reading the above news article, by clicking here.
Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.
Please be sensible and follow our terms of service and rules, when replying and debating the news article.
Welcome to Admin Junkies