N26 is now one of the highest valued FinTechs globally
The last few months have been quite the whirlwind for N26 – we’ve celebrated reaching 3.5 million customers worldwide, launched in the USA and also revamped N26 Black to unveil N26 You. And today, we’re excited to announce our Series D funding extension by $170m to $470m. This is one of the biggest rounds ever raised in Berlin and one of the biggest European ones. We’re now valued at $3.5bn, making us the highest valued German startup. We also rank among the most valuable European startups and the top ten of the most valuable FinTech companies worldwide.
This funding round is a big testament to the strong belief that there are many more customers around the world who want banking to change, because they suffer from hidden fees and bad user experiences. It also shows the confidence of our investors from around the world that N26 is changing banking for the better globally. But it’s not all about the future, it also shows what we have already offered to our customers over the last years, which enabled us to serve millions of happy customers in Europe. That’s what we are now going to bring to more countries around the world.
Our next steps in global expansion
Raising money is not a goal in itself, but gives us the chance to take opportunities and change banking around the world. Our mission is to give everyone the power to bank and live their way. We’ll continue to do this across Europe and the US and our market entry in Brazil next year will be the next step in our global expansion.
The best banking experience around the world
By combining amazing technology and radical empathy, we’re creating a banking experience that makes people’s lives better, no matter what that life looks like. This means we want to offer you everyday products that evolve as you do.
We will stay the most innovative mobile bank around the world. The additional funding will allow us to roll out even more features and benefits for our customers. We’ve already made N26 Black bolder and better by relaunching our membership as N26 You, and we’re fast approaching the release of Shared Spaces. Building on our popular sub-accounts feature that already lets you set aside and save money, we’ll soon let you share Spaces with up to 10 people to easily split bills, work towards common goals with family and friends, and much more.
To achieve our mission, we’ve tripled our workforce in the last 12 months and will continue to invest in new talent for our growing locations in Berlin, New York, Barcelona, Vienna and São Paulo. We are amazed by the diverse talent that works with us at N26, a team based around the world consisting of more than 60 different nationalities.
We’re incredibly proud of what N26 has achieved so far, but we know that this is just the beginning. Our goal is to continue transforming retail banking, bringing the flexibility of our mobile banking experience to over 50 million customers worldwide in the coming years. We couldn’t be more thrilled to announce this milestone today and we hope you enjoy the ride with us!
Thank you for your trust,
Valentin Stalf and Maximilian Tayenthal Founders