Wirecard.com

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Wirecard AG was a global financial technology company that provided payment processing, risk management, and other financial services to businesses and consumers. The company was headquartered in Aschheim, Germany, and had offices in over 26 countries. Wirecard was founded in 1999 and went public in 2005. The company's shares were listed on the Frankfurt Stock Exchange and were included in the DAX index.

Wirecard's core business was payment processing. The company offered a range of payment solutions, including credit card processing, debit card processing, and online payments. Wirecard also provided risk management services, such as fraud prevention and chargeback protection. The company's services were used by a wide range of businesses, including retailers, e-commerce companies, and financial institutions.

In 2020, Wirecard was involved in a major accounting scandal. The company's auditors, EY, discovered that €1.9 billion of Wirecard's assets did not exist. The scandal led to the collapse of Wirecard's share price and the resignation of the company's CEO, Markus Braun. Wirecard filed for insolvency in June 2020.

The Wirecard scandal was one of the largest financial scandals in German history. It raised questions about the adequacy of financial regulation in Germany and the role of auditors in preventing corporate fraud. The scandal also had a significant impact on the German fintech industry.

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