This Startup is Europe’s Top Fintech Valued at $2.7bn
Berlin holds Europe’s most valuable fintech:
The digital bank N26 has raised an additional $300m (USD) to fund its international expansion and at the same time received an updated valuation of $2.7 billion (USD). Analysts say that’s three times the startup’s valuation from 10 months ago when it closed a Series C round for $160 million.
Stunning stats for Germany’s N26:
According to Pitchbook, this $300 million announced on January 19, 2019 is the biggest European fintech investment round on record. And with it, N26 is now the second most valuable digital bank startup globally, according to CBInsights, only behind Brazil’s Nubank. This news also means that Germany’s popular digital bank is starting 2019 as one of the Continent’s most valuable unicorns.
N26’s hockey stick growth:
At the start of last year, the bank reported having 500,000 customers across 17 Eurozone countries. Series C was closed to fuel international expansion — in particular the UK and U.S. markets.
