Fidor Solutions AG

Fidor Solutions AG is a Munich-based fintech company that offers innovative digital banking solutions, facilitating seamless banking services for tech-savvy individuals and small to medium-sized enterprises across Europe. Founded in 2003 in Munich, Germany, Fidor Solutions AG specializes in providing a fully digital banking platform that caters to modern financial needs. The company was acquired by Ripplewood Holdings in August 2020, with the deal expected to close in the first half of 2021. Fidor has completed a total of 8 deals, with its most recent deal occurring on August 3, 2020.

The latest funding round was a Trade Sale amounting to USD 34. 30 mn, raised from Groupe BPCE, bringing the total amount raised to USD 34. 30 mn. Fidor offers a comprehensive digital banking platform that includes current and savings accounts, as well as payment solutions.

This platform is designed to meet the needs of tech-savvy consumers and SMEs, providing efficient tools for financial management. In particular, Fidor's services focus on user experience and technological integration, serving clients in Germany, France, and the United Kingdom. In the most recent fiscal year, Fidor reported a revenue of USD 23,702,905. 50, with an EBITDA of USD -27,307,183, indicating operational challenges during that period.

Fidor Solutions AG plans to leverage its recent acquisition to enhance its product offerings and expand its market presence. The company is working on new product developments aimed at improving user engagement and financial services. Following the August 2020 deal, Fidor is set to close the acquisition by mid-2021, which is expected to support its growth initiatives and market expansion efforts.