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N26 announces exit from UK banking market
With the UK having left the European Union, N26 has today announced that it will be leaving the UK market.
N26 Hits 250,000 U.S. Customers in First Five Months
N26 Inc., the U.S. subsidiary of one of Europe’s fastest-growing mobile banks, N26 GmbH, today announced it has reached 250,000 U.S. customers.
N26 crosses 5 million customer milestone on fifth anniversary of launch
Global digital bank N26 today announced that it has surpassed the 5 million customer mark, five years after the initial launch of the bank’s revolutionary mobile-only account on January 26, 2015.
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.
The Founders
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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