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N26 (bank)

N26 (bank)

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

OverviewStructured DataIssuesContributorsActivity
Contents

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

May 5, 2020
N26 raises a $570,000,000 series D round from Allianz X, Earlybird Venture Capital, Greyhound Capital, Insight Partners, Tencent and Valar Ventures.
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.

March 2018
N26 raises a $160,000,000 series C round from Allianz X and Tencent.

Funding Rounds

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Patents

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Further Resources

Title
Author
Link
Type
Date

About N26

https://n26.com/en-eu/about-n26

Web

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

Johnny Liu

https://www.benzinga.com/fintech/20/08/16891293/fintech-company-n26-looks-to-digitize-and-disrupt-as-pandemic-encourages-online-banking

Web

August 3, 2020

References

n26.com
n26.com/r/corinnea4648
n26.com/en-us
n26.com/es-es
number26.eu
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Bank
Bank
Neobanking
Neobanking
Financial services
Financial services
‌
Mobile banking
Payment
Payment
Technology
Technology
Financial technology
Financial technology
...
Location
Berlin
Berlin
Germany
Germany
B2X
B2C
B2C
CEO
Nicolas Kopp
Nicolas Kopp
Maximilian Tayenthal
Maximilian Tayenthal
Founder
Valentin Stalf
Valentin Stalf
Maximilian Tayenthal
Maximilian Tayenthal
Pitchbook URL
pitchbook.com/profiles.../64126-90
Legal Name
N26 Bank GmbH
Accelerator
Plug and Play
Plug and Play
Axel Springer Digital Ventures
Axel Springer Digital Ventures
Number of Employees (Ranges)
1,000 – 4,999
Number of Employees
1,500
Full Address
Kurfürstenstraße 72 10787 Berlin Germany
Place of Incorporation
Berlin
Berlin
Investors
‌
Armada Investment Group
Redalpine Capital
Redalpine Capital
Valar Ventures
Valar Ventures
Greyhound Capital
Greyhound Capital
Plug and Play
Plug and Play
GIC Private Limited
GIC Private Limited
Tencent
Tencent
Insight Partners
Insight Partners
...
Founded Date
February 2013
Email Address
support@n26.com
Phone Number
+4930364286880
Total Funding Amount (USD)
772,000,000
Latest Funding Round Date
May 5, 2020
Competitors
MX
MX
Simple
Simple
‌
Cashplus
TransferWise
TransferWise
MyBank
MyBank
Starling Bank
Starling Bank
Revolut
Revolut
Monese
Monese
...
Business Model
Transaction processing / marketplace
CTO
Gino Cordt
Gino Cordt
Former CEO
Valentin Stalf
Valentin Stalf
Latest Funding Type
Series D round
Series D round
Latest Postmoney Valuation
4,000,000,000
Legal Entity Identifier
529900JB9XYZ8E87N345
Motto/Tagline
N26 makes banking simple
Wellfound ID
n26

Other attributes

Country
Germany
Germany
Headquarters
Berlin
Berlin
Blog
n26.com/en-eu/blog
Company Operating Status
Active
Strategic Partnerships
Clark and n26 strategic partnership
Clark and n26 strategic partnership
‌
Token.io and n26 strategic partnership
Barzahlen and n26 strategic partnership
Barzahlen and n26 strategic partnership
‌
TransferWise and n26 strategic partnership
auxmoney and n26 strategic partnership
auxmoney and n26 strategic partnership
Raisin and n26 strategic partnership
Raisin and n26 strategic partnership
Nutmeg and n26 strategic partnership
Nutmeg and n26 strategic partnership
Amazon and n26 strategic partnership
Amazon and n26 strategic partnership
...
Wikidata ID
Q27479372
Latest Funding Round Amount (USD)
570,000,000
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