This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched […]
View More Revolut CFO resigns following money laundering controversyCategory: N26
Challenger bank N26 plans to expand to Brazil
Fintech startup N26 plans to launch its bank service in Brazil in 2019. The company announced the news on stage at MWC in Barcelona. N26 has already announced that its next market would be the U.S. at some point during the first half of 2019. Brazil should launch after that. Right now, N26 is available […]
View More Challenger bank N26 plans to expand to BrazilGerman insurance giant Allianz increases its VC fund to $1.1 billion
Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today. The fund was initially €430 million, or around $490 million, when it launched in 2016. This new injection comes directly from parent Allianz SE, the 124-year-old […]
View More German insurance giant Allianz increases its VC fund to $1.1 billionPeter Thiel’s Valar Ventures targets $350M for new funds
Valar Ventures plans to raise $350 million across two new funds, according to a pair of SEC documents filed this morning.
View More Peter Thiel’s Valar Ventures targets $350M for new fundsBanking startup N26 raises $300 million at $2.7 billion valuation
Fintech startup N26 is raising a Series D round of $300 million. Following this new funding round, the company is now valued at $2.7 billion. Insight Venture Partners is leading the round with Singapore’s sovereign wealth fund GIC and a few existing investors also participating. N26 is building a retail bank from scratch. The company […]
View More Banking startup N26 raises $300 million at $2.7 billion valuationN26 launches its premium offering in the UK
Fintech startup N26 recently launched in the U.K. with a single product offering. You could sign up to a free account that gives you free payments around the world, but no insurance and no free withdrawals in foreign currencies. The company just added a second tier to its lineup in the U.K. And N26 is […]
View More N26 launches its premium offering in the UKN26 says it now has more than 2M customers
N26 announced today that it now has more than 2 million customers — up from 1.5 million in October. The German fintech startup’s CEO Valentin Stalf was interviewed onstage at Disrupt Berlin with Tandem CEO Ricky Knox, where they discussed the growth of what are sometimes called challenger banks or neobanks — new banks that […]
View More N26 says it now has more than 2M customersValentin Stalf to talk about scaling N26 at Disrupt Berlin
We couldn’t put together a conference in Berlin without inviting Valentin Stalf from N26, the co-founder and CEO of one of Europe’s most promising startups. A few years ago, few people would have bet on a startup creating a bank from scratch. N26 now has over 1.5 million clients and a ton of funding. N26 […]
View More Valentin Stalf to talk about scaling N26 at Disrupt BerlinN26 faces criticism regarding its identification processes
Fintech startup N26 is growing quite rapidly. Building a startup is hard, but building a startup that manages your bank account is even harder given the increased scrutiny. German weekly magazine Wirtschaftswoche published an article that questioned N26’s identification processes. According to Wirtschaftswoche, it’s quite easy to create an account with a fake ID document. […]
View More N26 faces criticism regarding its identification processesN26 is launching its bank in the UK
Nearly a year after German fintech startup N26 announced that it would launch its service in the U.K., the company is launching in the U.K. N26 is already quite popular in the Eurozone, with more than 1.5 million customers. In this new market, it will face tough competition from existing players, such as Revolut, Monzo, […]
View More N26 is launching its bank in the UKN26 launches N26 Black for freelancers
Challenger bank N26 is launching a premium plan for professional accounts. N26 already had a free plan for freelancers and the self-employed, called N26 Business. N26 Business Black introduces the same perks as N26 Black, but for freelancers and the self-employed. The new plan costs the same for regular users and business users. The company […]
View More N26 launches N26 Black for freelancersN26 updates its web app
Fintech startup N26 wants to compete with traditional banks on all fronts. And it means providing a useful web interface to view your past transactions, transfer money and more. Most users likely interact with N26 through the mobile app. But it doesn’t mean web apps are useless. Contrary to Revolut, N26 has had a web […]
View More N26 updates its web app