The fintech filed for bankruptcy on Tuesday.
(Photo: Nuri)
Frankfurt The Berlin fintech Nuri struggled until the end for a new round of financing, but without success: the company filed for bankruptcy on Tuesday afternoon. The aftermath of the corona pandemic, the economic and political uncertainties in the markets after Russia’s attack on Ukraine and the cooling in the capital markets put the global start-up ecosystem under pressure, explained Nuri. In addition, there have been numerous negative developments in the crypto markets.
“This challenging environment has had a lasting impact on the business development of Nuri GmbH and has now prompted the management to file for insolvency at the Berlin District Court,” the company said. This step is necessary to ensure the continued operation of the app and the fulfillment of Nuri’s obligations.
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