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Our new financing round – welcome Peter Thiel’s Valar

posted by N26 • Press • April 16, 2015

We are proud to announce a new round of financing including two of our existing investors and two new internationally renowned investors. Since the foundation of our company, we have been striving to create the banking experience of the future, and we are very satisfied with all of the feedback we’ve received thus far. The current 10 Million Euro round of financing shows the potential of NUMBER26 and its recognition by international star investors.

At this point we would like to share some more information about our investors and explain why we regard this investment not only as a sound sign of approval, but also as a great chance for NUMBER26 moving forward.

Our new investors

In an addition to our existing investors, we are proud to welcome Peter Thiel’s investment fund Valar Ventures and Daniel S. Aegerter to NUMBER26.

Star investor Peter Thiel and his Valar fund are investing in NUMBER26 as their second European company. Peter is well known as the founder of PayPal and the first investor in Facebook. Peter and his fund have also previously invested in Transferwise, one of the most successful FinTech start ups. The Swiss entrepreneur Daniel S. Aegerter led his own Start Up TRADEX to one of the biggest exits of all time ($ 5.6 Billion). 

What does this imply for us? 

Because of the participation of these internationally respected investors, we are fueled in our ambition to push NUMBER26 even further. We plan to show the traditional banks what banking resembles today: transparency, mobility, speed and security.

The fresh capital enables us to develop our innovative product at a faster pace and listen more closely to customer feedback by expanding our existing team. We might even have a job for you. Check out our jobs page.

We have been granted access to a larger pool of financial and banking experts that will actively support us in making our vision a reality.

Our high security and data privacy standards will not be affected in any way by the occurring changes. Together with our partner bank we are still subject to all existing regulatory measures.

What does this imply for you?

You can be excited about all of the new features we will implement at a faster pace. Also, we will be able to answer all your inquiries more promptly.

Everyone on the waiting list will receive an invite code sooner.

We want to sincerely thank all of our customers for their support and their overwhelming feedback. Your participation and trust made this happen. 

If you have any further questions, don’t hesitate to contact us:

Your NUMBER26 Team