Press News – Startup Insider
The year 2024 begins with waves of bankruptcy in the world of German startups. According to Statistics Finland, the number of regular insolvency proceedings has steadily increased since June 2023 compared to the previous year. A prominent example is the Hamburg-based tax startup ExpressTax, which, despite a successful Series A funding round and exponential growth, ran into payment difficulties and went bankrupt.
Twinner, a technology company known for its used car scanners, also suffered financial problems that led to bankruptcy in December 2023. Similarly, the Berlin-based fintech Elinvar, which develops white-label solutions for the financial sector, faced a setback as investors did not meet their expectations, resulting in the company filing for bankruptcy in October 2023.
The real estate agent for the company 'das Wohnliche' is also hit hard by the wave of bankruptcies, affecting various other startups like 'Liefergrün'. The livable and sustainable logistics startup Liefergrün had to file for bankruptcy despite previously promising partnerships and funding rounds earlier this year. (Text was rewritten with AI)
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