N26 Major Milestones
N26 was founded by Valentin Stalf and Maximilian Tayenthal who reimagined the retail banking experience for today’s mobile lifestyle.
The initial product was launched. Since then N26 has attracted more than 3.5 million customers across 24 European markets.
N26 Bank GmbH received a banking license from the ECB and Bafin.
N26 announced plans to enter the US and UK markets in 2018. It opened its first international office in New York.
The firm raised $160 million in its Series C funding round co-led by Allianz X and Tencent Holdings Ltd. The funding represents the largest equity financing round (non IPO) in the fintech industry in Germany to date and one of the largest in Europe. Total funds raised are $215 million from some of the world’s most well-known investors, including Li Ka-Shing’s Horizons Ventures, Valar Ventures, members of the Zalando Management Team, and Earlybird Venture Capital.