Press - N26 Newsroom
- Jérémie Rosselli
- General Manager France
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..
N26 Launches N26 Business Black to Simplify Banking for Freelancers and Self-Employed
N26 today introduces N26 Business Black, a premium business account for freelancers and self-employed individuals who want a bank that’s designed to travel wherever their business trips take them.
N26 introduces Spaces, a new feature that gives users maximum flexibility to organize their money
N26 today announced the launch of Spaces, a new feature that provides a fast and easy way to set aside money based on users’ personal preferences and needs.
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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"N26 is a well-designed native app — it’s like drinking a glass of ice water in hell."
"Modern, efficient, simple and free, this German Bank, which will only get better, has nothing but advantages compared to a traditional bank."
"N26 wants to revolutionize our banking experience by making it 100% mobile."
N26 offers an intuitive, real time and transparent banking experience : the user can open an account in 8 minutes but also receives push notifications in real time for each transactions.