BaaS provider Dock Financials two German entities have filed for insolvency, despite the company planning to continue the operations of its regulated entity in Luxembourg.
As per the information provided, two of the Germany-based entities of Dock Financial filed for insolvency, with the news following the companys US counterpart Synapses bankruptcy news from the end of May 2024. However, Dock Financial aims to continue its operations, maintaining its search for a strong investor, and did not file for bankruptcy for its regulated entity in Luxembourg.
More information on the announcement
Following a rebranding in 2022, when the company started its operations as a Banking-as-a-Service (BaaS) provider and also announced its only funding t…
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