Payments start-up Cookies launches in Germany
Berlin-based start-up Cookies has launched its peer-to-peer (P2P) payment app in Germany.
The app is in its beta phase and currently in invite-only mode. Everyone who registered on its website in the past few weeks and months gets a personal invite code, allowing them to use the Cookies App. It says anyone who’s not yet registered can start the process immediately.
Once users get the app, they can invite up to three friends to use it by making a payment. It is available for iOS and Android and works with “all” German banks. The start-up says this means users “don’t have to open an additional bank account”.
The firm says before it makes Cookies App “completely open” it wants feedback and for it to “grow naturally”.
Cookies was founded by two former N26 (formerly Number 26) employees, Lamine Cheloufi and Garry Krugljakow. It currently has a team of 22 people from ten different countries, and is in the process of recruiting more staff.
At the backend, Cookies says its security and data-protection systems have already been implemented and are checked and TÜV-certified (the German Technical Inspection Association).
It says sensitive user data is kept on the smartphone in encrypted form and will “never be stored on servers”. Cookies adds that payments conform to German banking standards and are protected by the Deposit Protection Fund.