N26 bank

n26.com

t: n26

CEO:  Valentin Stalf  / CEO N26 Bank: Markus Gunter

Founders: Valentin Stalf, Maximilian Tayenthal

Founded: 2013

Sectors:  Banking

Total Funding: $682.8M

Latest Funding: $170M Series D, Jul 2019

Lead Investors: Insight Venture Partners

HQ: Berlin, Germany

N26 is Europe’s first Mobile Bank with a full European banking license and is setting new standards in banking. N26 has redesigned banking for the smartphone, making it simple, fast and contemporary. Opening a new bank account takes only eight minutes and can be done directly from your smartphone. Users can send money in real time with a few clicks to friends and contacts by email or text message. Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, today N26 has 200 employees and more than 300,000 customers in 17 countries: Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Portugal, Slovakia, Slovenia, and Spain . Since January 2015, N26 has been available for Android, iOS, and desktop. 

In January 2019, N26 raised $300m in venture funding, making it the most highly valued fintech in Europe ($2.7bn) and the second most highly valued digital startup bank globally behind Brazil's Nubank.

At June 2018, it claimed to have 1 million customers across Europe who generate $1.17 billion in transaction volume every month. With plans to expand beyond the Eurozone, N26 is aiming for 5 million customers by 2020.

In August, N26 introduced Spaces, which allows users to open additional sub-accounts within the N26 app or web app. Each space is a sub-account where customers can stash money for a special purpose or better organize money to meet their needs.