Category Archives: N26

N26 opens tech hub in Vienna with a focus on security

Fintech startup N26 is opening an office, its fourth, in Vienna. Eventually, the company plans to hire 300 software engineers, product managers and IT specialists. N26 is building a mobile bank and has managed to attract 2.5 million users over the past few years. It raised a $300 million round back in January. This is interesting news, as the company says that the new tech hub will focus on security, in particular detecting fraudulent activity. N26 plans to use artificial intelligence to develop a sort of real-time […]

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Challenger bank N26 plans to expand to Brazil

Fintech startup N26 plans to launch its retail banking service in Brazil soon. The company announced the news on stage at MWC in Barcelona. N26 has already announced that its next market would be the U.S. at some point during the first half of 2019. Brazil should launch after that. Right now, N26 is available in 24 European countries, including all of the Eurozone, the U.K., Denmark, Norway, Poland, and Sweden, Liechtenstein and Iceland. The company reached 2 million customers back in November 2018. N26 says that […]

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Banking startup N26 raises $300 million at $2.7 billion valuation

Fintech startup N26 is raising a Series D round of $300 million. Following this new funding round, the company is now valued at $2.7 billion. Insight Venture Partners is leading the round with Singapore’s sovereign wealth fund GIC and a few existing investors also participating. N26 is building a retail bank from scratch. The company lets you open a bank account and get a card in just a few minutes. You can then control everything from your phone or computer. And it’s a much better user experience […]

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N26 launches its premium offering in the UK

Fintech startup N26 recently launched in the U.K. with a single product offering. You could sign up to a free account that gives you free payments around the world but no insurance and no free withdrawals in foreign currencies. The company just added a second tier to its lineup in the U.K. And N26 is choosing to focus on N26 Metal in the U.K. You can now sign up to a Metal account for £14.90 per month (€16.59). In other N26 markets, people can currently subscribe to […]

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N26 says it now has more than 2M customers

N26 announced today that it now has more than 2 million customers — up from 1.5 million in October. The German fintech startup’s CEO Valentin Stalf was interviewed onstage at Disrupt Berlin with Tandem CEO Ricky Knox, where they discussed the growth of what are sometimes called challenger banks or neobanks — new banks that are taking on the incumbents by focusing on digital tools. Stalf said N26 is seeing more than €1.5 billion in transactions each month, with €1 billion in deposits. He also discussed the […]

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Valentin Stalf to talk about scaling N26 at Disrupt Berlin

We couldn’t put together a conference in Berlin without inviting Valentin Stalf from N26, the co-founder and CEO of one of Europe’s most promising startups. A few years ago, few people would have bet on a startup creating a bank from scratch. N26 now has over 1.5 million clients and a ton of funding. N26 originally launched at TechCrunch Disrupt London back in 2014. The company didn’t win the Startup Battlefield. At the time, the company was called Number26 and they had 0 client. It was probably […]

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N26 faces criticism regarding its identification processes

Fintech startup N26 is growing quite rapidly. Building a startup is hard, but building a startup that manages your bank account is even harder given the increased scrutiny. German weekly magazine Wirtschaftswoche published an article that questioned N26’s identification processes. According to Wirtschaftswoche, it’s quite easy to create an account with a fake ID document. “One or two people got through with a fake ID document. And we detected that afterward. Unfortunately, we didn’t detect it in real time,” co-founder and CEO Valentin Stalf told me. “Unfortunately, […]

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N26 is launching its bank in the UK

Nearly a year after German fintech startup N26 announced that it would launch its service in the U.K., the company is launching in the U.K. N26 is already quite popular in the Eurozone, with more than 1.5 million customers. In this new market, it will face tough competition from existing players, such as Revolut, Monzo, Starling and many others. N26 is going to roll out its product in multiple phases. Some lucky few will be able to open an account right away. The startup will then go […]

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