The N26 history
N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal—reimagining the retail banking experience for today’s mobile lifestyle.
Since the initial product launch in 2015, over 3.5 million customers across 26 markets have signed up for N26.
The firm has raised a total of USD 215 million from some of the world’s most well-known investors, including Allianz X, Tencent Holdings Limited, Li Ka-Shing’s Horizons Ventures, Valar Ventures, members of the Zalando Management Team, and Earlybird Venture Capital. N26 employs more than 1300 people and has offices in Berlin, New York and São Paulo, as well as TechHubs in Barcelona and Vienna.
After announcing its $300 million Series D funding led by Insight Venture Partners, N26 received a further $170 million extension in July 2019. The round includes participation from GIC, Singapore's sovereign wealth fund, and existing investors. N26 now ranks amongst the top ten most valuable FinTech companies worldwide.
N26 also launches in the US and confirms plans to enter the Brazilian market next.
Our Management Team
Valentin Stalf: Founder and CEO
Valentin Stalf is co-founder and CEO of N26. In 2013 he founded N26 with his longtime friend Maximilian Tayenthal. Back then already, both shared a vision of building a bank that the world loves to use.
Since the initial product launch in 2015, N26 has grown to include more than 4.5 million customers across 25 markets — including the US in 2019. The firm has raised more than USD 500 million from some of the world’s most well-known investors, including Insight Venture Partners, GIC - Singapore’s sovereign wealth fund, Tencent, Allianz X, Peter Thiel’s Valar Ventures, Li Ka-Shing’s Horizons Ventures, Earlybird Venture Capital, Battery Ventures, in addition to members of the Zalando management board, and Redalpine Ventures. N26 has more than 1000 employees based in Berlin, New York and Barcelona, who are concentrated on reinventing the banking experience for the digital generation. With its full banking license, state-of-the-art technology and no branch network, N26 is redesigning banking for the 21st century.
Before N26, Valentin was an Entrepreneur in Residence for Rocket Internet, an incubator and investor in online startups. There he helped to develop several companies in the mobile payments industry, including payleven and Paymill GmbH. Moreover, he worked in strategy consulting and investment banking.
Valentin has a bachelor’s degree in business administration and management and a master’s degree in accounting and finance from the University of St. Gallen. He is currently a member of the advisory board at the Vienna University of Economics and Business.
Maximilian Tayenthal: Founder and CFO
Maximilian Tayenthal is co-founder and CFO of N26. Together with his business partner and friend Valentin Stalf, he built one of the first and now fastest-growing mobile banks in Europe. Their vision was to create a retail bank that's flexible, transparent and speaks to today's digital lifestyles.
Previously, Max worked in a variety of consulting and financial roles at leading professional services firms, including CMS and Booz & Company. Max holds bachelor’s and master’s degrees in economics and business administration from the University of Vienna. He also has a master’s degree in economics from the Community of European Management Schools, as well as a law degree form the University of Vienna. Max is a CFA charterholder.
While Max is based in Berlin, he always makes time for his passion outside of personal finance: skiing in the mountains of Austria and Switzerland.
Eduardo Prota: General Manager Brazil
With an MBA at Kellogg School of Management focusing on marketing, innovation and finance, Eduardo has 10+ years of experience in corporations (Santander, Monsanto and Cielo) and startups, and solid experience in the payments industry. Previously, he lead the Brazilian mobility startup Tripda, raising US$ 11 million in investments and launching operation in 13 countries (Latin America, Asia and USA). He was also part of a project for developing entrepreneurship in Guinea Bissau and mentored several startups in the segments of mobility, finance and logistics.
Christian Squassoni: Managing Director - Legal, Risk and Compliance Brazil
With over 20 years of experience in the finance industry, Christian has held strategic positions at major financial institutions such as ABC Brasil Bank, Barclays, JPMorgan and Unibanco, and has served as a foreign associate at Debevoise & Plimpton in New York. He holds a law degree from Largo São Francisco Law School, University of São Paulo (USP), and is a Certified Anti-Money Laundering Specialist (ACAMS).