21.08.2020. Wirecard AG, Vācijā reģistrēta maksājumu kompānija, beidz uzņēmējdarbību

Company News

On June 25, 2020 Wirecard AG filed for insolvency proceedings, days after the financial technology company acknowledged that 1.9 billion euros ($2.1 billion) that it claimed to have on its balance sheets probably never existed. Its longtime auditor EY (Ernst & Young) said the company had carried out “an elaborate and sophisticated fraud.”
Founded in 1999, Munich-based Wirecard has 5,800 employees in 26 countries around the world. It processes digital payments for both consumers and businesses and reported revenues of more than 2 billion euros ($2.3 billion) in 2018, more than triple the figure from 2014.
The company was promoted to Germany’s blue chip index (company that is  very strong financially), in September 2018 when it ousted Commerzbank. At its peak it had a market valuation of around $28 billion.