News - 01.06.2026

Fintech Riverty Secures Banking License from Luxembourg's CSSF

  • Banking

German fintech Riverty, a subsidiary of media conglomerate Bertelsmann operating across ten European markets in the “buy now, pay later” space, has secured a banking license from the CSSF, Luxembourg’s financial regulator. The company currently employs 15 people in the Grand Duchy and plans to double its headcount in the coming months, with banking operations set to launch in July 2026.

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A specialist in deferred payments, debt collection and factoring, Riverty is seeking to establish itself as a fully regulated pan-European player. The firm currently serves more than 1,800 merchants and 25 million customers.

Oliver Kuhaupt, the fintech’s chief risk officer and incoming CEO of Riverty Bank, said: “With the banking license, we are taking direct responsability for risk, compliance and execution at scale.”

In an interview with Paperjam, Kuhaupt pointed to Luxembourg’s well-developed payments ecosystem, home to international giants such as Amazon, PayPal and eBay, as well as its deep pool of specialist talent as key factors behind the licensing decision.