Cringle 2 | Updates

By Malte Klussmann

Last Call for Cringle 2


Dear Companists,

Our second Companisto campaign is coming to a close and we would like to thank all of our Cringle supporters. We would like to take a look at all that has happened at Cringle during the past few weeks with you. Like the first campaign, “Cringle 2” had a very positive effect on our joint success story.


Growth of KPIs

We decided to focus on the following KPIs in order to demonstrate the campaign’s positive effect on the developments at Cringle: amount of app installations, active users, average transaction sum, amount of transactions, and transaction volume.


Cringle - Growth KPIs


We were able to increase our monthly installations by nearly 20% thanks to the successful start of our partnership with Consorsbank/BNP Paribas and due to your presentation of Cringle among your friends, acquaintances, and colleagues.

We saw an increase in the amount of active users of nearly 22%. During our campaign, we launched our new Cringle 2.0 version, and it seems that the new app is well received by both existing and new users.

An increase of 7.6% in average transaction sums is an indicator that trust in Cringle is growing.

Cringle 2.0 has made sending money even easier. Our active Cringlers agree and have rewarded us with 19% more transactions.

When all factors develop this positively, it has a positive effect on the development of our transaction volume. Not only have we recently reached the 4.5 million mark, we are also expecting a new record in terms of transaction volume in December.



Cringle 2018

The upcoming year will see distribution and expansion.

We have noticed a growing interest in Cringle and are conducting promising negotiations with banks and other partners for our Cringle P2P-API. This encourages us to believe that Cringle is the best solution for making payments to any cell phone number.

In the past few weeks, we tested various channels to strengthen distribution and plan to make targeted use of them.

From the very beginning, Cringle has been designed to be a pan-European P2P solution. In the coming year we will expand to more countries and make Cringle available there.


Lastly, here are three questions we should all ask ourselves:

Do all my friends, acquaintances, and colleagues have Cringle already? Do I know anyone else that would be a great team member of our joint success story? Do I have any great ideas to further improve Cringle?


Let’s give it our all one last time!


Kind regards,



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€ 464,300


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