German digital bank N26 surveyed 16,030 people from its 5 largest markets in Europe – Austria, France, Germany, Italy and Spain.
After the growth restrictions imposed by the German financial regulator Bafin, the Berlin-based digital bank N26 is now also struggling with problems in Italy.
Jan Kemper, CFO of N26, expects a wave of consolidation within the next three years.
British digital bank Revolut has recorded a 37% increase in downloads of its Android app, new data shows.
Berlin-based digital bank N26 is giving up the US business so it is able to focus on the European market.
This way N26 became the second highest-valued bank in Germany, slightly ahead of Commerzbank.
Billionaire Nik Storonsky, the co-founder of Revolut, one of Europe's largest and richest startups, plans to launch his own AI-based venture capital fund to compete with legacy venture capitalists.
Klarna launches "virtual shopping" where online shoppers get access to experts in physical stores.