Wirecard Files for Bankruptcy in Germany

The saga of embattled German fintech Wirecard has entered a predictable new phase; the digital payments company has filed for bankruptcy today due to “impending insolvency and over-indebtedness”; it is German regulators who are under fire now for failing to investigate the seemingly fraudulent activity; regulators have been trying to foster innovation and growth and even took steps to protect the company from its accusers – filing a criminal complaint and banning short selling of the stock; this is a major challenge for regulators who are trying to be innovation champions and enforcers at the same time. The Wall Street Journal.

  • Peter Renton

    Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.