N26 embodies the new era of digital banking, offering simplicity, transparency and mobility to its users. With ambitious goals and sustained growth, N26 is shaping up to be a key player in the finance of the future. Whether you're already an online banking enthusiast or you'd like to discover the advantages of an online bank, N26 is sure to surprise you!
History of the N26 neobank
Welcome to the innovative world of N26, the German neobank that's revolutionizing the banking industry! Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, N26 quickly won the hearts of users across Europe thanks to its user-friendly, 100% digital approach. This start-up was born from the idea of making financial management simple, transparent and accessible to everyone, directly from a smartphone.
From the outset, N26 has attracted the attention of investors and the media for its innovative concept. In just a few years, it has managed to establish itself as one of the most promising neobanks on the market.
N26 is booming!
N26's meteoric growth is undeniable. With millions of satisfied users across Europe, the company has succeeded in raising substantial investment funds, valuing it at over $9 billion. This success story is due to the simplicity and transparency of its services, with no hidden fees or complex conditions.
N26 doesn't stop there. The company has international ambitions, aiming to expand its footprint worldwide. Through strategic partnerships and constant technological innovation, N26 aspires to become the undisputed leader in digital banking and redefine the way people manage their money.
N26, France's future online banking leader?
Building on its growing popularity among travelers and online banking enthusiasts, N26 aims to become the main account for most of its French customers!
Whether you want to manage your day-to-day finances, save or travel free of charge, N26 is committed to offering a tailored banking experience that's both convenient and secure.
Its user-friendly interface and innovative functionalities have won over many French people looking for a modern, no-holds-barred banking experience. What's more, over the coming months, N26 will be offering its customers the option of using the "Spaces" and "sub-accounts" functionalities with a French IBAN. The introduction of a local IBAN in Spain and Italy has doubled the amount of deposits and the share of premium customers among new customers. This innovation also paves the way for future banking product launches to complement the current offering.
N26: Key information
Number of employees
From just two founders in 2013, the company has a team of over 1,500 employees representing 80 nationalities in 10 countries!
Sales figures
N26's gross revenues are up +50.3% (€182.4 million in 2021 vs. €121.3 million in 2020), while net revenues are up +67% (€120.3 million vs. €72.1 million).
Valuation
In 2021, it raised over $900 million (€927 million) from private investors, bringing its valuation to over $9 billion (€9.3 billion).s)higher than that of Germany's second-largest bank, Commerzbank.
Objectives
The German bank has announced the roll-out of a French Iban for new customers.
Scalability
N26 is now present in 24 countries and has won over 8 million users.
CEO mantra/quote
"Ne launched N26 in 2013 with the aim of improving our customers' relationship with their money. Ten years and 8 million customers later, our goal remains the same: to give you the freedom to manage your money the way you want."
