N26 is a Berlin-based fintech company that enables its customers to manage their bank accounts through their smartphones.
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.
N26 was founded in early 2013 by Valentin Stalf and Maximilian Tayenthal. The company is headquartered in Berlin, Berlin, Germany with additional offices in New York and Barcelona.
N26 has operations in 16 other countries: Austria, Belgium, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Portugal, Slovakia, Slovenia, and Spain. N26 plans to enter the US market in 2019 where it will operate via its wholly-owned subsidiary, N26 Inc., based in New York.
N26 has more than 2.3 million customers in 24 markets across Europe who currently hold over €1 billion in accounts and generate over €1.5 billion in monthly transaction volume.
N26 customers in several of its markets can use their smartphone for in-store purchases. N26 supports Google Pay in the United Kingdom, France, Belgium, Germany, Ireland, Italy, Slovakia, Finland and Spain, while it supports Apple Pay in Finland, France, Germany, Ireland, Italy and Spain. Additional countries are added as both Google Pay and Apple Pay gradually expand throughout N26's markets.
N26 is backed by leading investors including Insight Venture Partners, Tencent Holdings, Allianz X, Earlybird Venture Capital, & GIC among others. The company The company extended its Series D round with another $100M on May 05, 2020. Brining the total money raised in Series D to $570M. This additional funding also bring N26's total funding to $782.8M to date.
N26 has achieved a $3.5B valuation from the latest round on May 05, 2020, same as its last valuation on Jul 17, 2019. The company was last valued at $2.7B post-money from its Series D round on Jan 9, 2019, which made them the most valuable fintech startup in Europe, together with TransferWise.