N26 raises more than $100 million in extension of its Series D funding

N26 raises more than $100 million in extension of its Series D funding

We’re celebrating an extension of our Series D funding round! Find out what this means, and where we aim to go from here.

05 MAY 2020

1 min read

Today, we’re delighted to announce an extension of our Series D funding with a further $100 million, bringing this current round to $570 million. This is a huge development that includes all of our major investors, reaffirming their support of our vision to transform banking around the world. And it’s yet another tremendous milestone in The Mobile Bank’s journey—one which positions N26 as one of the highest valued FinTech companies globally. To this day, we’ve reached over 5 million customers, maintained our valuation at $3.5 billion and raised almost $800 million. And although we couldn’t be more proud of our achievements and how far we’ve come, as always, we know that there’s still a lot of work to be done and plenty of ground to cover. So, what does this mean for our future? Amongst many things, this latest investment will propel N26 even further forward, helping us develop even more innovative products and intuitive features that help you better manage your money. And of course, we’ll be working hard to drive digital innovation across Europe, while consolidating our presence in our 24 European markets and the US to introduce even more people to N26.We’ve come a long way in 5 years, and we’re incredibly excited to be looking forward as we continue our mission to shake up the world of finance. With 2020 now well underway, our drive to develop secure, smart and flexible banking solutions for millions around the globe is stronger than ever. As our banking habits adapt and the way we spend our money changes, we’ll continue to stand by your side—just a tap away on your smartphone.Once again, we want to say a huge thank you for your ongoing trust—we couldn’t have done this without your support.