Digital Payment Usage Up as Germans Forego Cash in Corona Crisis

In the fourth part of our series on German industries during the coronavirus pandemic, we look at the sudden surge in the digital payment sector.

Effects of Corona on Germany’s E-Commerce Market

All this week we’ll be looking at the latest developments in five major German industries. Up today is e-commerce, where some online retailers have had to struggle with significant supply chain difficulties, while others have been unprepared for the sudden and dramatic increase in demand.

Online Fraud Detector

Online retail has been booming as a result of coronavirus lockdowns – and with it fraud and copyright infringement. German start-up Sentryc offers a potential remedy.

Cashless Craze in Germany

The company KOALA has developed an app allowing customers to scan the prices of items themselves when they take them down from shelves. That allows shoppers to skip waiting in line at check-out counters.

EUR 60 Million for German Fintech solarisBank

Berlin fintech start-up solarisBank has booked a cool EUR 60 million in its latest round of financing. The company, which was founded in 2016, has taken in more than EUR 160 million from investors.

Networker-in-Chief

Jochen Homann is the president of the Bundesnetzagentur, the national agency responsible for regulating, among other things, Germany’s telecommunications industry. He talks to Markets Germany about the opportunities and challenges presented by 5G.

One to Watch: Girish Mathrubootham, CEO of Freshworks

Freshworks provides a broad range of simple-to-use business software.

Bepro11 Scores New Financing

Sportech startup Bepro11 has taken in an additional 8.8 million euros in financing, following a 10-million-dollar capital infusion in 2018.