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.
Industries / Digital Economy
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.
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.
One of the winners of the coronavirus disruptions is the digital automotive market.
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.
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.
Freshworks provides a broad range of simple-to-use business software.
Sportech startup Bepro11 has taken in an additional 8.8 million euros in financing, following a 10-million-dollar capital infusion in 2018.
New software from Hamburg start-up Baqend allows commercial websites to operate between twice and ten times faster.
Can consumers save money by running appliances and charging batteries when electricity prices are lowest? Tibber says they can, and this spring the Norwegian start-up brought its services to Germany.