Global Banking Directory (since 2007)
Press Release Distribution Service
Add Bank | Banking Forum | Donate
Advertisement
  • GISEC 2019, April 1-3, 2019
  • Future Banking Technology Summit, 23-24, April, 2019
  • Investing
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Press Release :: N26 Bank

Logo N26 BankIt's safe to say that 2018 was a banner year for N26, with our teams reaching several major achievements. Some were planned, like launching in seven new markets, including the UK, opening our new office in Barcelona, and the introduction of Spaces as the first of many product innovations yet to come.

And some came in the form of unexpected recognition, such as being named the #1 Tech Startup in Germany by Linkedin, or the tripling of our customer base in the last 12 months to reach 2.3 million N26 customers today.

While it’s hard to top the incredible year we had, 2019 is also starting off on a high: We have closed our Series D funding round with an incredible $300 million. This figure represents the largest private equity financing round for a fintech business in Europe in recent years. With a valuation of $2.7 billion, it also makes N26 one of the most valuable technology startups around the world.

New Investors

We also have two new investors joining N26: New York-based Insight Venture Partners and Singapore’s sovereign wealth fund GIC. Insight Venture Partners has backed several major European tech companies. Both firms support our vision of building a truly global digital bank and a recognized brand for 100m+ customers. As two of the most renowned investors in the world, they will be instrumental in accelerating our growth strategy and we are very happy to have them on board.

What does this mean for our customers?

Of course, we could not have gotten this far without you, our customers, employees investors and partners. We plan to invest our funding toward making N26 even more flexible and transparent for our customers all across Europe. You can expect to see further development of our product offerings, banking features and new technology that will make your banking experience even smoother, smarter and more intuitive than before. Being able to share N26 accounts is the first of many innovative features that will be coming soon in the new year.

Where will we go from here?

This investment will also play an incredible part in supporting our growth strategy to offer a global solution to the everyday banking challenges that consumers face all over the world. Starting with our upcoming US launch, we will bring N26 to new markets beyond Europe in 2019. We can’t wait to bring N26 to more people in more places all over the globe.

We know our 2019 milestones are ambitious and that there’s a lot of work to be done. We currently have 3 office locations in Berlin, Barcelona and New York, over 700 employees spanning 50 nationalities, and a market presence in 24 countries. But we know there’s a lot more work to be done, and it’s now up to us to deliver on the promises we’ve made. That’s why we plan to continue seeking the best talent to expand our teams both in Europe and around the world.

For us personally, this round is a huge recognition of a simple idea that began over six years ago and a confirmation that we are on the way to disrupt one of the largest industries in the world - banking - and making it easier and more transparent for millions of customers. There are days we still marvel at how far N26 has come so fast. But we know this is only the beginning of the next chapter, and we’re excited for all of you to be part of our story.

Source: N26 Bank
Date: 10.01.2019
Articles
 Havin Bank Ltd selects ifinancial’s AMLtrac software to enhance its AML procedures

Havin Bank Ltd, the only bank with entirely Cuban capital established outside Cuba, has chosen the KYC and Document Management, Account Monitoring, Transaction Tracking, SWIFT message screening and Alert Management modules of ifinancial's AMLtrac software to strengthen the management and control of its compliance and anti-money-laundering risk. 19.11.2018 | Source: IFinancial

 25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard

Top performing Islamic Financial Institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia are vying for the WIBC Awards recognizing the Best Performing Banks at the Global and Regional level. 28.10.2018 | Source: Middle East Global Advisors

 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 International Banking Exhibition and Conference will be held in Baku

"Digital Banking and Security" titled International Banking Exhibition & Conference will be held in Baku on 17-18 of April, 2018 by FA International Trade Events. 07.02.2018 | Source: FA International Trade Events


2007-2019 © Global Bank Directory