Cringle | Updates

By Malte Klussmann

Cringle at Berlin Startupnight

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Dear Companists,

Last Saturday was an eventful day for us. In the context of the conference program at Berlin Startupnight, we had our first appearance on stage at IHK Berlin at 12 p.m., where we gave a presentation on subsidy programs for start-ups together with Investitionsbank Berlin. Afterward, we went to the Berlin exhibition grounds to participate in IFA. At the Deutsche Telekom stage, we introduced Cringle to many interested listeners and showed them how we want to change payments between friends significantly through our app. After the presentation at IFA, it was time to prepare our stand for the #Startupnight.

 

Cringle – A Popular App Used by Many

Events such as Berlin Startupnight are special because they enable us not only to introduce Cringle to many interested people, but also to meet numerous people who have been using Cringle for a long time.
We truly enjoyed the interesting discussions and are of course proud that Cringle is so popular. The many users who are also clients of DKB were particularly enthusiastic. In fact, the Cringle sign-up feature on the DKB online banking website turned out to be a particularly popular feature, for there is hardly an easier way of signing up for a payment service.

 

Cringle at Berlin Startupnight

 

Our promotional event, which enabled visitors to send all potential users €1, also helped us distinguish ourselves from the other start-ups. Moreover, many people appreciated and praised that Cringle can be used with all contacts in the contact list and that even unregistered users can receive money. Still, our product was not the only thing that convinced visitors of Berlin Startupnight. Indeed, these people also liked that we collaborate with banks and have high standards in terms of data protection, for instance because we do not store any sensitive bank information.

 

An App, a Vision, and over 1,000 Companists

In addition to enthusiastic Cringle users, we also met some of our Companists last weekend. By now, more than 1,000 Companists have invested in our Companisto campaign already. Consequently, we have become one of the top 15 start-ups in terms of the number of Companists. Thank you very much!
Not only are we thrilled by the large amount of positive feedback; we also believe this feedback shows that Cringle solves an everyday problem that people from all walks of life are aware of.

We are still working as hard as we can and are grateful for your support!
Together, we will succeed in establishing Cringle as the standard for payments between private individuals.

Best regards,

Malte



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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.

800,000 €

Invested

1481

Companists

8.89 %

Share Offered

Please note
The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used.

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