N26 applies for Financial Holding license as next step towards IPO-readiness
- N26 Group is applying for a license as a Financial Holding Company as the first financial technology company in Germany to do so
- As The Mobile Bank completes the transition to a Financial Holding, nothing will change for customers
- Co-CEO Maximilian Tayenthal and Chief Banking Officer Thomas Grosse will join the Board of Managing Directors of N26 Bank GmbH, the regulated banking entity within N26 Group
N26 co-founder and Co-CEO, Valentin Stalf: “Becoming the first fully-regulated fintech in Germany comes as a natural next step for N26 to change banking for millions of people in the future. Evolving towards a Financial Holding is yet another important part of N26’s development, in line with the changing regulatory landscape.”
N26 co-founder and co-CEO, Maximilian Tayenthal: “Both Markus and Richard have played key roles in helping us build a successful, trusted and sustainable business at N26. I am proud that they will continue to be ambassadors and shareholders of N26 for the long-term.”
About N26
N26 AG is Europe’s leading digital bank with a full German banking licence. Built on the latest technology, N26’s mobile banking experience makes managing money easier, more secure and customer friendly. To date, it has welcomed more than 8 million customers in 24 markets, and processes over 100bn EUR in transactions a year. N26 is headquartered in Berlin with offices in multiple cities across Europe, including Vienna and Barcelona, and a 1,500-strong team of more than 80 nationalities. Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has raised close to US$ 1.8 billion from some of the world’s most renowned investors.
Website: n26.com | X: @n26 | Facebook: facebook.com/n26 | YouTube: youtube.com/n26bank
N26 Press Contact
press@n26.com