Varengold Bank AG

Company Description

The Varengold Bank is a German bank founded in 1995 in Hamburg that maintains a further location in Sofia. In Marketplace Banking, Varengold supports online marketplaces that deal with the financing of companies and consumers (peer-to-peer platforms). Varengold finances the rapid growth of Fintechs and provides them with products that require a banking licence (Fronting Services / Banking-as-a-Service). In the field of Commercial Banking / Transaction Banking, the bank provides foreign trade-oriented customers with basic products, such as account relationships and international payments. The bank also has a customer base for trade finance transactions (e.g. guarantees or credit orders).

Varengold Bank AG is registered with the German Federal Financial Supervisory Authority under no. 109 520 and is also connected to the Compensatory Fund of German Banks (EdB). The Varengold stock (symbol VG8) is listed on the open market of the Frankfurt Stock Exchange.

Served Area

Europe