Press - N26 Newsroom
Latest press releases
N26 now offers Spanish IBANs to make banking experience smoother
N26 assigns a Spanish IBAN to each new account opened in Spain. Current N26 customers will have the option to change to a Spanish IBAN in the next months.
N26 reaches 200,000 customers in Spain and moves to the 22@ district in Barcelona
The Mobile Bank doubles its Spanish customer base in six months. N26 has more than 50 employees in Barcelona and plans to reach 200 this year, and moves to a 3,300 sqm office in the 22@ district.
N26 announces $300m funding round
N26 has announced a $300 million Series D funding round led by New York-based venture capital and private equity firm Insight Venture Partners, valuing N26 at $2.7bn..
Our vision is to build a bank the world loves to use
N26 is The Mobile Bank. Built bottom-up for the smartphone, N26 has redesigned banking to make it simple, elegant and easy to use. Thanks to our fully digital business model, we operate on a much lower cost base with lean organizational structures. Without an expensive branch network or legacy technology, N26 passes on these savings directly to its customers.
Today, we are one of the fastest growing banks in Europe. N26 partners with the most innovative fintech and financial services companies to offer its customers best-in-class products, such as TransferWise (foreign exchange), Raisin (savings), Clark and Allianz (insurance), and auxmoney (credit).
By harnessing the power of artificial intelligence and design, N26 is transforming the future of banking to become more adaptive to customers’ financial needs and solve problems in a way that is currently missing among traditional retail banks. Find more facts & figures about N26 here.
N26 was founded by longtime friends Valentin Stalf and Maximilian Tayenthal in 2013. Frustrated by the lack of transparency, digital innovation, and personalized service and offerings at existing banks, they decided to build one of their own. They designed N26 to be a customer centric and mobile-first retail bank, allowing users to enjoy a simple, elegant and easy-to-use banking app – anywhere, anytime.
Valentin and Maximilian bring unique perspectives and expertise to their leadership at N26. Valentin was part of an incubator for online startups where he developed several firms in the mobile payments industry, while Max’s background is in consulting and professional services. Together, they share academic degrees in business administration, economics, accounting, and law – not to mention a CFA.
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