N26 (bank)

N26 (bank)

N26 is a is a mobile banking company headquartered in Berlin, Germany.

N26 is a mobile challenger (neo-bank) bank headquartered in Berlin, Germany. It was founded in 2013 by Valentin Stalf and Maximilian Tayenthal. N26 initially served UK & other European customers with a fully endorsed banking license, however, in 2019 N26 formed a partnership with Axos Bank, becoming a white-label partner in the United States.

N26 is a fully online banking experience, providing its consumers with a mobile application for smartphones, available for Apple and Android users on their respective app platforms. The debit card provided by N26 is part of the Visa system and comes with several features for its users, such as real-time purchase notifications, no-fee policy for international or domestic purchases, customizable limits, and more.

Shortly after N26's entrance to the US, the Berlin-based company announced they would have to discontinue providing banking services in the UK on April 15, 2020, due to Brexit and new licensing requirements. N26 had initially made it's UK debut in 2018, just six months before the announcement of Brexit plans.

Despite the uncertainty surrounding N26's exit from the UK post-Brexit, and uprising COVID-19 threats to neo-banks and the grander financial industry, N26 closed with $100M in Series D funding from recurrent investors, Tencent and Valar Ventures, on May 5, 2020.

Timeline

August 26, 2020

N26 Celebrates One Year Anniversary, In US, with Nearly 500,000 Customers

February 11, 2020

Neo-Bank N26 is leaving the UK and is blaming Brexit

July 18, 2019

N26 closes $170m Series D

July 11, 2019

N26 launches its challenger bank in the US

The company is launching a bank account with a debit card. Customers in the U.S. can download a mobile app and create a bank account from their phone.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
N26 GmbH funding round, July 2019
170,000,000
July 2019
6 Results
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People

Name
Role
LinkedIn

Maximilian Tayenthal

Co-founder and CFO

Valentin Stalf

Co-founder and CEO

Further reading

Title
Author
Link
Type
Date

About N26

Web

Fintech Company N26 Looks To Digitize And Disrupt As Pandemic Encourages Online Banking

Johnny Liu

Web

August 3, 2020

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
JD Alois
May 27, 2020
Crowdfund Insider
Click HERE to find out ⭐ Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Omar Faridi
May 25, 2020
Crowdfund Insider
Neobank N26 executive predicts there'll be as many digital bank Accounts as traditional Ones, but global Fintech trends suggest otherwise.

References

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