iPhone X and an N26 card on a table.

Announcing our $160 million Series C funding round and 850k+ customers

We're thrilled to announce that we have just closed our Series C round, with additional funding of USD 160 million led by Allianz X and Tencent.

2 min read

10/01/2019 - Update: N26 closes Series D funding round with an incredible $300 million. Read more about it here.

Today is a big day.

We're thrilled to announce that we have just closed our Series C round, with additional funding of USD 160 million led by Allianz X and Tencent. This is a record for this type of funding in the German fintech industry—and one of the biggest across Europe—bringing our total funding to date to $215 million.

Investing in the future: our $160 million Series C funding

We believe that both Allianz X and Tencent are the perfect choice to help make N26 a market leader in mobile banking.

Allianz and Tencent joining our family of existing investors is an incredible achievement that we’re very proud of. Allianz is one of the world’s largest asset management and leading insurance firms and is considered one of the most trusted brands in the financial services industry. Tencent has gone from a pioneer to market leader in social media, gaming, e-commerce, and mobile payments in China. Its flagship product WeChat now has over one billion active monthly users. It recently even surpassed Facebook in market value.

The good news doesn’t stop there, though. We now have over 850.000 customers! That’s a big jump from our 500.000 announcement in August 2017. You can read more about it in the press release here.

Looking ahead, we’re very excited about what this latest funding round represents. It’s not just the amount of money we raised. To us, it’s a confirmation of our vision and our mission to build a bank the world loves to use.

For customers, this is a direct investment in our product. With it, we’ll be able to invest in making banking even more intelligent and simpler. We will go a step further by making banking even smarter and more personalized for all of our customers through the use of artificial intelligence. We’re pushing ahead with our international expansion to the UK and US, where we are launching later this year.

We can't wait to show you what's coming next. And promise that the best is yet to come.

Find similar stories

By N26

Love your bank

Advertising message for promotional purposes. Please see the Terms & Conditions for more information.

Related posts

These might also interest you
N26 Twitter Card Image.

What is a banking license?

In 2016, N26 was granted a full banking license by the European Central Bank. Discover what that means for our customers today.

Aerial view of Barcelona.

N26 lands in Barcelona to open a second European office

N26 is opening up its second European office in Barcelona to build out our development team and build up our presence. Learn why here.

Happy 2nd anniversary to our banking license - N26 Blog.

Against all odds: the trials of getting our banking license

The inside story of how we got our banking license in just a few months: from late nights to defying expectations.