News

September 14, 2020

German fintech backed by Peter Thiel taken down by coronavirus

Coronavirus laws in Spain and Poland spell the end for Monedo, once a leading digital credit provider


Freya Pratty

3 min read

Monedo, once the largest German startup in the fintech industry backed by the likes of billionaire Peter Thiel and media giant Naspers, has filed for bankruptcy after the impact of the pandemic took its toll on the company.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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