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Fidor Bank

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German online bank
Fidor Bank
Company typePrivate company
IndustryFinancial services
Founded2009 (2009)
Defunct2023 (2023)
FateClosed down by parent
HeadquartersMunich, Germany
Area servedGermany, United Kingdom
Key peopleBoris Joseph (CEO), Pascal Cirelli (CFO/CRO), Stefan Spannagl (COO/CIO)
ProductsOnline banking, banking services
OwnerGroupe BPCE
Number of employees347 (2018)
Websitewww.fidor.de

Fidor Bank was a German direct bank that operated from 2009 until it ceased operations in July 2023.

History

The bank was founded in 2009 in Munich, Germany.

In 2015, it made a market foray into the UK. In July 2016, it was announced that Fidor Bank was being acquired by France's Groupe BPCE for €100m. As of September 2016, Fidor Bank continued to operate under its own branding.

On 1 July 2019 Fidor Bank announced that it would suspend its services in the UK on 15 September 2019 owing to uncertainties about the UK market.

References

  1. "Cloud is silver lining for German online bank Fidor". Financial Times. 28 January 2014.
  2. Christian Kirchner (2023-02-09). "Fidor startet Liquidation. Kunden sollen via Check24 vermittelt werden". finanz-szene.de. Retrieved 2023-02-15.
  3. Wallace, Tim (18 September 2015). "German bank Fidor launches in Britain". The Telegraph. Retrieved 2020-12-22.
  4. Rupert Jones (21 January 2016). "German bank Fidor steps up fight for UK current accounts". The Guardian.
  5. Williams-Grut, Oscar (17 September 2015). "Interview with Fidor Bank CEO as it launches in UK - Business Insider". Business Insider. Archived from the original on 7 December 2015. Retrieved 1 April 2016.
  6. Flinders, Karl (18 September 2015). "Fidor bank launches in the UK". ComputerWeekly.
  7. Flinders, Karl (2019-10-14). "French and German banks end talks on challenger bank sale". Computer Weekly. Retrieved 2021-01-10.
  8. "Fidor Bank acquired by BPCE". Financial Times. Retrieved September 23, 2016.
  9. "Is Brexit to blame for Fidor Bank's UK exit?". efma.com. 10 July 2019. Retrieved 2020-12-22.
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