N26 is a fintech company that enables its customers to manage their bank accounts through their smartphones.
N26 lets you manage your bank account, spend and set money aside in real time, under one app.
N26 was founded in early 2013 by Valentin Stalf and Maximilian Tayenthal. The company is headquartered in Berlin, office locations in Barcelona, Madrid, Milan, Paris, Vienna, New York and São Paulo.
N26 provides a free basic current account and a debit card, with available overdraft and investment products and premium accounts for a monthly fee. The company currently operates in various member states of the Single Euro Payments Area (SEPA) and in the United States.
N26 customers in several of its markets can use their smartphone for in-store purchases. N26 supports Google Pay in France, Belgium, Germany, Ireland, Italy, Slovakia, and Spain, while it supports Apple Pay in Austria, Belgium, Germany, The Netherlands, Greece, Finland, France, Ireland, Italy, Luxembourg, Slovenia and Spain.
N26 now has 7 million customers across Europe and the U.S. and is on track to process $90 billion in transactions this year. The company recently acquired a banking license in Brazil, with a team of 40 employees already on the ground in São Paulo.
N26 is backed by Insight Partners, Tencent, Valar Ventures, Allianz X, Earlybird Venture Capital, Third Point, Coatue, GIC, and others. The company raised $900M in new round on Oct 18, 2021. This brings N26's total funding to $1.7B to date. The latest round nearly tripled the company's valuation to $9B post-money. N26 was previously valued at $3.5B from its Series D round raised in May 2020.