Varengold Bank
Varengold Bank is a European (EEA-based) fintech-infrastructure provider (Lending module). Verified at source - licence, regulator and registry reference.
Watch · BaFin AML fines 2025
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Who it's for
Varengold Bank is built for products adding credit - financing, instalments or BNPL. It operates with a full banking licence - deposit-guaranteed accounts and credit products are on the table.
Sovereignty profile
- Data residency (EEA): Yes - hosted in the EEA - GDPR / CLOUD Act safe
- Company origin: EU core (Germany)
- Ownership / control: no change of control on record
What Varengold Bank does
Verified licence profile
Varengold Bank (Hamburg, Germany; full banking licence, BaFin 109520, since 2013) - fronting/BaaS and international payment services for fintechs (German IBANs). NB: BaFin AML enforcement - EUR 3.3m fine (Aug 2025) and a 2023 Iran-related transaction prohibition - a status/risk flag. Rebranded to Ascory Bank (2026; Hamburg + Sofia), positioning as financing partner for start-ups/scale-ups; 2025 EBT ~EUR 2.0m. 2025-2026: renamed Ascory Bank and repositioned as a specialist bank for structured financing (start-up/scale-up lending in fintech, energy transition, leveraged finance) - the fintech banking-services/IBAN offering is no longer marketed.
Verified 2026-07-19. How we verify → · Official website: ascory-bank.de · Spotted something out of date? Report a correction.
Timeline
- 2026 [rebrand] Rebranded to Ascory Bank
- 2025-08 [penalty] BaFin AML enforcement - EUR 3.3m fine
- 2025 [status] Repositioned as Ascory Bank - specialist bank for structured financing (fintech/leasing/factoring lending, energy transition, leveraged finance); banking-services/IBAN offering no longer marketed.
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FAQ
Is Varengold Bank European / EEA-based?
Yes. Varengold Bank hosts data in the EEA (GDPR / CLOUD Act safe); origin EU core, Germany.
What does Varengold Bank do?
Varengold Bank covers: Lending module. Verified at source by Fintechnologica.
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