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Wirecard AG was a German payment processor and financial services provider. Headquartered in Aschheim, Germany, the company offered electronic payment transaction solutions, risk management, and physical/virtual card issuing services globally. At its peak, Wirecard was a member of the DAX stock market index. However, in June 2020, the company became embroiled in a massive accounting scandal, revealing that €1.9 billion in cash purportedly held in trustee accounts likely never existed. This led to the company's insolvency, the arrest of its CEO, Markus Braun, and a significant impact on the German financial market and its regulators. Its core business assets were subsequently sold off.
Served as the central hub for global operations, strategic decision-making, technology development, and administrative functions before its collapse.
A modern office complex in a business park, reflecting its image as a technology-focused company. The building itself was not architecturally unique but was a significant corporate presence in Aschheim.
Prior to the scandal, Wirecard aimed to project an image of a fast-paced, innovative fintech leader. However, subsequent investigations and whistleblower accounts suggested a high-pressure environment, with internal criticisms often suppressed, particularly regarding accounting practices.
The Aschheim headquarters was symbolic of Wirecard's rise to become a DAX-listed company and a supposed European fintech champion. Its subsequent emptiness and the investigations centered there now symbolize one of Germany's largest post-war corporate frauds.
Before its insolvency, Wirecard claimed a significant global footprint, with offices and operations spanning Europe (Germany, Ireland, UK), Asia-Pacific (Singapore, India, Australia, Philippines), the Middle East (Dubai), North America (USA, Canada), and South America. These international entities supported a wide range of functions including sales, customer support, technology development, and payment processing. However, many of these international operations, particularly in Asia and the Middle East, were later found to be central to the accounting fraud.
Einsteinring 35
Aschheim
Bavaria
Germany
Address: Al Fattan Currency House, Dubai International Financial Centre (DIFC) (Specific office number not readily available)
Managed payment processing services, client relations, and business development for the MENA region. It was also a key node in the complex web of third-party acquirers that featured prominently in the fraud.
Address: 1 Fusionopolis Place, #09-10 Galaxis (Example of a known past address)
Focused on expanding Wirecard's payment solutions, digital banking, and merchant services across the diverse APAC market, including partnerships and local integrations.
Address: The Observatory, 7-11 Sir John Rogerson's Quay (Example of a known past address)
Key for issuing prepaid cards and managing e-money services across Europe, leveraging Ireland's regulatory environment for financial services.
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As of April 2025, Wirecard' leadership includes:
Wirecard has been backed by several prominent investors over the years, including:
The 12 months leading up to and immediately following June 2020 were tumultuous for Wirecard's executive team, primarily characterized by high-profile exits and arrests related to the accounting scandal. There were few, if any, significant 'hires' in the traditional sense during the company's collapse, aside from crisis management roles or insolvency administrators.
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Wirecard, like many German and international corporations, likely utilized standard email formats. The most common formats were variations of [first_name].[last_name]@wirecard.com or [first_initial][last_name]@wirecard.com. These emails are no longer active due to the company's insolvency.
[first].[last]@wirecard.com or [f][last]@wirecard.com
Format
markus.braun@wirecard.com (historical example, inactive)
Example
0 (The company is defunct, and these email addresses are no longer operational)%
Success rate
Reuters • June 25, 2020
German payments company Wirecard filed for insolvency on Thursday, owing creditors almost $4 billion after disclosing a 1.9 billion euro ($2.1 billion) hole in its accounts that its auditor EY said was the result of a sophisticated global fraud....more
Financial Times • June 22, 2020
Wirecard admitted that €1.9bn of cash on its balance sheet probably does “not exist”, deepening a crisis that has rocked the German payments company. The group also said it was withdrawing its financial results for 2019 and the first quarter of 2020....more
Associated Press • January 25, 2023
The former CEO of German payment service provider Wirecard, Markus Braun, denied accusations of fraud and embezzlement as he opened his testimony at his trial over the company’s spectacular collapse....more
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