Cringle | Updates
This investment carries considerable risks and may lead to a complete loss of the capital invested. More
By Malte Klussmann

Fast, Faster, Cringle

Public
Public

Dear Companists,

Another week has passed – another week full of interesting news, the two most important of which we would like to share with you here.
Today's update is about sending money through Cringle.

 

Cringle Transactions Faster than Bank Transfers Now

Many skeptics considered transaction speed our app's weak spot and a reason not to start using Cringle immediately.
We are pleased to announce today that we have solved this problem. Yesterday, we transferred our new and improved transaction system from our test environment to our public Cringle app.
Thanks to the newly implemented logic, Cringle transactions are at least as fast as online bank transfers now – but much easier.
Just send money through Cringle until 4 p.m., and DKB clients will have the amount credited to their bank account the same night. All other users will see the transaction in their bank account on the next business day.

 

Send money fast as lightning with Cringle

 

Milestone Reached: Transaction Volume on Cringle Reaches €1 Million

Ever since we launched the Cringle app in December 2014, we have achieved many different things. Transaction volume is a particularly important KPI in the area of payment.

Last week, we reached a highly important milestone when the total transaction volume on Cringle reached €1 million. During the past three weeks alone, our users transferred €100,000, thus helping us exceed our target.

The fact that Cringle users have already sent €1,000,000 to their friends through our app is a clear sign of their confidence. Moreover, it shows that Cringle has struck a chord with users and has been able to remove at least one of their everyday concerns.

 

Development of Transaction Volume

 

Naturally, we are not resting on our laurels and already working on more great news.
As always, I would like to ask all of you to keep using Cringle frequently and to invite all of your friends.

In addition, I would like to quote our Companist Björn: "Remember to rate the app in the stores!" To us, high ratings are essential for setting Cringle apart from other apps. Therefore, please do as Björn told you.

Have a successful week!
Best regards from the Cringle office,

Malte

 



Comments

Only registered Companists can comment. Please log in to leave a comment.

NOTE:

Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

1482

Companists

800,000 €

Invested

8.89 %

Share offered

Contact Details
Cringle GmbH
Friedrichstr. 128
10117 Berlin
Germany

Email: investor-relations@cringle.net
Website: www.cringle.net
Please note
The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used.

Follow us

Contact Us
Your contact for all questions about investing on Companisto:
Andreas Riedel
Investor Relations

Toll-free phone number for investors

0800 - 100 26 70 (DE)
0800 - 10 02 67 (AT)
0800 - 10 02 67 (CH)

Service hours Mo-Fr 9 a.m.- 7 p.m.

Companisto GmbH
Köpenicker Str. 154
10997 Berlin
TÜV geprüftes Online-Portal | Companisto
Source: Own research. Based on data from the German Private Equity and Venture Capital Association - BVK, among others.
Investor Support