Fidor Bank was a German direct bank that operated from 2009 until it ceased operations in July 2023.[1][2]
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]
See also
References
- Cloud is silver lining for German online bank Fidor Financial Times, 28 January 2014^
- Christian Kirchner. Fidor startet Liquidation. Kunden sollen via Check24 vermittelt werden finanz-szene.de, 2023-02-09, retrieved 2023-02-15^
- Tim Wallace. German bank Fidor launches in Britain The Telegraph, 18 September 2015, retrieved 2020-12-22^
- Rupert Jones. German bank Fidor steps up fight for UK current accounts The Guardian, 21 January 2016^
- Oscar Williams-Grut. Interview with Fidor Bank CEO as it launches in UK - Business Insider Business Insider, 17 September 2015, retrieved 1 April 2016^
- Karl Flinders. Fidor bank launches in the UK ComputerWeekly, 18 September 2015^
- Karl Flinders. French and German banks end talks on challenger bank sale Computer Weekly, 2019-10-14, retrieved 2021-01-10^
- Fidor Bank acquired by BPCE Financial Times, retrieved September 23, 2016^
- Is Brexit to blame for Fidor Bank's UK exit? efma.com, 10 July 2019, retrieved 2020-12-22^
- Marion Heilmann. Clap de fin pour Fidor Bank, la fintech allemande de BPCE Les Echos, 2023-02-17, retrieved 2025-12-17^