Cringle 2 | Updates

By Joschka Friedag

A perfect start for Cringle and the DVAG as a new customer.

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Dear Companists,

It's once again time for an update, and we're very excited to directly tie in the success of the last campaign. Thanks to your support, we were able to implement many things last year. Our new app, Cringle 2.0, is ready for take-off, and we've made significant progress developing our API. All in all, there are now 16 of us, and we've been able to acquire additional banks as customers. 

Our drive and optimism to become the number one provider for P2P payments in Europe remains strong. I'd like to briefly let you know what's been going on over the past few days.

 

The first hurdle and a welcomed media response

Only a few days have passed, and €80,000 has already been invested. 

We didn't quite know what to expect from our second campaign or what the reaction of the press would be. Seeing such large sums invested over a short period of time fills us with both pride and gratefulness. The result once again shows that you continue to have faith in both us and our vision. To this end, we'd like to thank all of all of our new as well as existing investors here on Companisto. 

 

Kooperation mit DVAG

 

For start-ups, such attention is essential. And this is why we're so excited that we've been able to gain both national and international press attention through our equity-based crowdfunding campaign. At the time this update was written, notable publications, such as Wirtschaftswoche, Deutsche Startups, Crowdfundinsider, Versicherungswirtschaft-heute, Auxmoney and a few others have reported on us. What's more, we receive new questions on a daily basis. Feel free to get in touch with us if you write for a magazine and are interested in covering us or if you know anyone else who may be.

 

Deutsche Vermögensberatung (DVAG) partnership

With the launch of the campaign, we announced our partnership with the DVAG: The Deutsche Vermögungsberatung is now an official Cringle customer. What does this mean, exactly?  Growth. 
With the DVAG, we were able to acquire an ideal customer, as a total of more than six million customers will soon be added to our Cringle network. Via the Meine DVAG app, DVAG customers are able to easily carry out Cringle transactions. At the moment, the Meine DVAG app is currently in the open beta version. In the coming weeks, the DVAG's investment consultants will be presenting the app to their customers.

With the help of the DVAG as well as additional partners, we'll continue to grow! We'd be happy to have you join us on this journey! 

 

Kind Regards,
Joschka



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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.

401,000 €

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

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