Gross revenue grew by 50.3% to EUR 182.4 million (FY-20: EUR 121.3 million), while net interest and commission income grew by 67% to EUR 120.3 million (FY-20: EUR 72.1 million).
The online bank N26 achieved results in line with expectations in financial year 2020 despite the unprecedented challenges in the banking sector presented by the global coronavirus pandemic.
Less than a year after The Mobile Bank introduced Round-Ups, N26 customers have seamlessly set aside more than €12 million with the automated savings feature.
The Mobile Bank N26 today announced its record-breaking $900+ million Series E funding round, the largest financing round to date for a digital bank in Europe.
In relation to the upcoming publication of a fine issued to N26 by the Federal Financial Supervisory Authority (BaFin) for the years 2019 and 2020, N26 is providing the following statement.
Digital bank, N26, today celebrates surpassing seven million customers across Europe and the US, proving the strength of its digital value proposition.