The neobank Ruuky has been greeting on its web site since final week with a tragic lead: “Unfortunately, Ruuky had to file for the opening of insolvency proceedings and we are currently working on the future of your bank.”
The younger clients of the Hamburger Bank, who’re on common 16 years outdated, are shocked. On the social media channels they write: “I can’t reach you by email!” and “I picked up the money flux.”
Is the financial savings in danger? What Ruuky’s chapter submitting truly means for purchasers:
Balance not affected
Ruuky guarantees: “The disposal of the accounts and assets are not affected.” Means: The credit score shouldn’t be gone, funds and transfers are nonetheless potential, and the cash playing cards additionally work. Payments also needs to be potential.
What is now not potential: No new accounts will be opened, and real-time top-ups and the app’s pocket cash assistant can now not be provided.
What led to chapter? Ruuky founder Jes Hennig mentioned “Finance Forward”: “We have not been able to obtain new capital in the current market environment”. One of the primary causes is the present uncertainty within the world financial system. Ruuky: “At this time, investors are very cautious about making further investments.”
According to the knowledge, the following steps for the way forward for Ruuky GmbH are at present being decided along with an insolvency administrator in Hamburg. “The bankruptcy is a difficult step for us, but it also offers an opportunity. We continue to work on Ruuky and our vision,” writes Ruuky combatively.
What truly is a neobank?
So-called neo-banks like Ruuky are credit score establishments which have specialised within the connection between the cellular app and the related cash card. At the Ruuky Bank, which was initially known as Pockid, younger adults underneath the age of 18 specifically had been to be given the chance to make their first monetary choices with certainty.
They may handle their very own cash or arrange financial savings plans. Founded three years in the past, Ruuky has round 250,000 clients. Ruuky at present employs round 20 individuals.
