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 2.3 million customers across 24 European markets.
N26 Bank GmbH received a banking license from the ECB and Bafin.
N26 launched in the UK. Additionally, 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.
N26 launched in the US. We also announced our $300 million Series D funding led by Insight Venture Partners. The round also includes participation from GIC, Singapore's sovereign wealth fund, and existing investors.
Our Management Team
Valentin Stalf: Founder and CEO
Valentin Stalf is co-founder and CEO of N26. In 2013 he founded N26 with his longtime friend Maximilian Tayenthal. Back then already, both shared a vision of building a bank that the world loves to use.
Since the initial product launch in 2015, N26 has grown to include more than 4.5 million customers across 25 markets — including the US in 2019. The firm has raised more than USD 500 million from some of the world’s most well-known investors, including Insight Venture Partners, GIC - Singapore’s sovereign wealth fund, Tencent, Allianz X, Peter Thiel’s Valar Ventures, Li Ka-Shing’s Horizons Ventures, Earlybird Venture Capital, Battery Ventures, in addition to members of the Zalando management board, and Redalpine Ventures. N26 has more than 1000 employees based in Berlin, New York and Barcelona, who are concentrated on reinventing the banking experience for the digital generation. With its full banking license, state-of-the-art technology and no branch network, N26 is redesigning banking for the 21st century.
Before N26, Valentin was an Entrepreneur in Residence for Rocket Internet, an incubator and investor in online startups. There he helped to develop several companies in the mobile payments industry, including payleven and Paymill GmbH. Moreover, he worked in strategy consulting and investment banking.
Valentin has a bachelor’s degree in business administration and management and a master’s degree in accounting and finance from the University of St. Gallen. He is currently a member of the advisory board at the Vienna University of Economics and Business.
Maximilian Tayenthal: Founder and CFO
Maximilian Tayenthal is co-founder and CFO of N26. Together with his business partner and friend Valentin Stalf, he built one of the first and now fastest-growing mobile banks in Europe. Their vision was to create a retail bank that's flexible, transparent and speaks to today's digital lifestyles.
Previously, Max worked in a variety of consulting and financial roles at leading professional services firms, including CMS and Booz & Company. Max holds bachelor’s and master’s degrees in economics and business administration from the University of Vienna. He also has a master’s degree in economics from the Community of European Management Schools, as well as a law degree form the University of Vienna. Max is a CFA charterholder.
While Max is based in Berlin, he always makes time for his passion outside of personal finance: skiing in the mountains of Austria and Switzerland.
Stephanie Balint: Head of US Strategy & Operations
Stephanie Balint is the Head of US Strategy & Operations for N26 in New York. In this role, she has been responsible for selecting and managing N26’s most critical US partners, as well as establishing and implementing the key operational processes needed for the US product. Her team drives the strategic vision for the company in its US expansion, and leads execution and implementation for additional product lines and features.
Prior to N26, Stephanie headed operations, finance and business development at OurHarvest, a farmers’ market delivery service in the greater New York City area. Before that, she spent almost 6 years in investment banking, most recently at Evercore Partners, where she advised Financial Technology companies on mergers and acquisitions. She graduated from Duke University with a B.S. in Economics and a certificate in Markets and Management Studies.
Sam Davidson: Head of Legal and Compliance
Sam Davidson is Head of Legal and Compliance for N26 Inc., based in New York. He advises N26 on the legal and regulatory implications of its innovative FinTech products and services introduced to the US market. Sam counsels cross functional business units on a range of topics including banking regulations, privacy, intellectual property, labor and employment and commercial matters. He has implemented compliance programs and governance protocols designed to navigate federal and foreign regulatory regimes.
Prior to joining N26, Sam was Chief Compliance Officer at M.Y. Safra Bank. He previously served as Counsel and AML Risk Advisor at Sterling National Bank and Law Clerk for the United States Attorney’s Office for the Southern District of Texas. Sam received his J.D. from St. John’s University School of Law. He is admitted to practice in New York and New Jersey.
The N26 account is offered by Axos Bank®, Member FDIC. N26 Inc. is a service provider of Axos Bank. All deposit accounts of the same ownership and/or vesting held at Axos Bank are combined and insured under the same FDIC Certificate 35546. All deposit accounts through Axos Bank brands are not separately insured by the FDIC from other deposit accounts held with the same ownership and/or vesting at Axos Bank. The N26 Visa® Debit Card is issued by Axos Bank pursuant to a license by Visa U.S.A. Inc. The N26 Visa Debit Card may be used everywhere Visa debit cards are accepted.