Getinsha was a mobile banking service that provided interest-free financial transactions in compliance with Islamic banking principles, utilizing a Banking-as-a-Service infrastructure from Solaris SE. It aimed to offer users peace of mind by ensuring their financial activities adhered to ethical standards while maintaining regulatory compliance under the supervision of the European Central Bank and BaFin.
Funding
Funding not disclosed
Founders
Product
Problem
Getinsha provided mobile banking services adhering to Islamic banking principles, but has discontinued its services as of December 31, 2023, leaving users without access to the platform. Former users may face challenges in retrieving their remaining funds and accessing historical account information.
Solution
Getinsha, formerly a mobile banking service utilizing Solaris SE's Banking-as-a-Service infrastructure, offered interest-free financial transactions in compliance with Islamic banking principles. Following the discontinuation of Getinsha's services, former users must now request manual withdrawals of their remaining balances through the Solaris Help Center. Access to the Getinsha platform, including the app and all related services, is no longer available. Solaris SE, the provider of the underlying banking infrastructure, retains responsibility for managing remaining funds and handling data deletion in accordance with legal retention periods. Any payments sent to closed Getinsha accounts will be automatically returned to the sender.
Target Audience
The primary audience was individuals seeking mobile banking services that adhered to Islamic banking principles.
Features
- Interest-free financial transactions compliant with Islamic banking principles (historical).
- Mobile banking services accessible via a dedicated application (historical).
- Banking-as-a-Service infrastructure provided by Solaris SE (historical).
- Account and card termination as of December 31, 2023.
- Manual withdrawal requests for remaining balances via Solaris Help Center.
- Automatic return of payments sent to closed accounts.
- Data deletion by Solaris SE after legal retention periods.