There is a lot of interest in taking over Wirecard, the bankrupt German fintech company. As much as 77 potential investors came forward to the liquidator and signed a confidentiality agreement. Another 60 parties want to take over the American branch of Wirecard.
Curator of the bankrupt company, Michael Jaffe says he’s confident he can find a buyer. The bidding process starts in the next few weeks. Until then, there will be enough money to continue the operation.
Wirecard went bankrupt last month when it was discovered that EUR 1.9 billion had disappeared from the accounts and that this amount may ‘never have existed’. Financial Times had started the investigation by reporting about possible fraud. In the meantime, former CEO Markus Braun has been arrested for the second time on suspicion of fraud and insider trading. Other board members of the company have also been arrested.