8.6 C
New York
Monday, September 28, 2020
Home Uncategorized N26 has reached 5 million customers.

N26 has reached 5 million customers.

N26 has reached 5 million customers. In 2013, when N26 was found, has raised $683 million. In 2019 the investment round was closed with $470 million which puts $3.5 billion valuation at the company.

For the fast growth in the customer base is responsible German, French, and Austrian markets, with the help of Spain and Italy. Co-founder and Chief Executive Valentin Stalf told Reuters. “We added more customers in 2019 than we did in all the prior years put together.”

In the US, N26 has reached 250k customers and looking for rapid growth too.

Recent posts

The Everly Summary (weekly TOP5 news)

Welcome to Everly.eu’s weekly summary. Let’s see the most important news we have covered during the last week in a TOP 5 list!

Robinhood managed to raise another $460m

The stock trading app Robinhood has added $460m to its Series G funding round closing a total of $660 million at an $11.7 billion valuation.

Yandex agrees to Tinkoff bank acquisition for $5.5bn

Yandex is Russia’s biggest tech company and now it is set to buy the challenger bank called Tinkoff for $5.5 billion.

TransferWise reports 70% revenue growth and a 4th straight year of profitability

Annual revenue at TransferWise grew to £302.6 million, the company. These results show a net profit after tax of £21.3 million for fiscal year ending March 2020.