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 March 2018, N26 raised $160M Series C from investors including Tencent and Allianz X.
In June 2018, it claims 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.