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Thursday, May 23, 2024
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N26 client acquisition gets limited by BaFin

The German financial services supervisor, BaFin, requires the German Fintech star to limit the acquisition of new clients to 50,000 per month.

N26 has raised $900 million and is worth $9 billion

This way N26 became the second highest-valued bank in Germany, slightly ahead of Commerzbank.

N26 fined 4.25 million euros for money laundering

The German challenger N26 was ordered to pay a fine of 4.25 million euros by the German financial regulator BaFin.

N26 lost Georg Hauer to Hawk AI

N26 will need a new head of Germany as Georg Hauer, General Manager DACH & Northern Europe, is leaving the online bank at the end of October.

Bafin takes on N26

The digital bank N26 was not able to get its problems with money laundering and fraud under control.

N26 accounts are very often investigated in money laundering proceedings

The Berlin-based digital bank N26 is one of the most important challenger banks in the EU but has constant problems fighting money laundering.

N26 aims for valuation of $10 billion

German fintech N26 is currently in talks with investors, with the goal of raising several million dollars in the fundraising process, Bloomberg reported.

N26 launches new ‘N26 Installments’ option

This new feature by the German challenger bank allows customers to settle their payments through installments.

N26 is now also about to step into crypto trading

The German challenger bank hesitated to become a crypto trading platform like the main competitor Revolut has become during last year, this has changed.

BaFin: N26 needs to improve money-laundering prevention

The German financial supervisory authority BaFin is dissatisfied with the money laundering prevention at N26.
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