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.
Sprinque Secures $21 Million Debt Facility to Fuel Expansion Across Europe
Let's delve deeper into this exciting news and explore how Sprinque plans to leverage this debt facility to solidify its presence in the European market.
The Rapid Growth of India’s Neobanking Market: A Digital Revolution
This article explores the factors driving this growth and the future prospects of the neobanking sector in India.
FinTech Giant Stripe Sets Its Sights on the Credit Game
In a surprising move, Stripe, the leading FinTech company known for its robust payment processing platform, has announced its entry into the credit industry.
Responsible Lending in Today’s Economy: A Guide to Sustainable Financial Practices
In this blog post, we will delve into what responsible lending truly means in today's economy and explore its significance in promoting long-term economic stability.