Fidor Bank
German online bank
From Wikipedia, the free encyclopedia
Fidor Bank was a German direct bank that operated from 2009 until it ceased operations in July 2023.[1][2]
| |
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 2009 |
| Defunct | 2023 |
| Fate | Closed down by parent |
| Headquarters | , |
Area served | Germany, United Kingdom |
Key people | Boris Joseph (CEO), Pascal Cirelli (CFO/CRO), Stefan Spannagl (COO/CIO) |
| Products | Online banking, banking services |
| Owner | Groupe BPCE |
Number of employees | 347 (2018) |
| Website | www |
History
The bank was founded in 2009 in Munich, Germany.
In 2015, it made a market foray into the UK.[3][4][5][6] In July 2016, it was announced that Fidor Bank was being acquired by France's Groupe BPCE for €100m.[7] As of September 2016, Fidor Bank continued to operate under its own branding.[8]
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.[9]
In February 2023, Fidor Bank informed its customers that their accounts would soon be closed. The company announced that it would cease operations in the same year.[10]
