Tag: N26

Billions of dollars are invested into FinTech companies each year and 2021 was no different. The sector has seen eye watering amounts of capital deployed into the sector, but what companies made out with the most?

German digital bank N26 has reached a $9bn valuation, following the close of a $900m investment round, which it claims to be the largest financing of a digital bank in Europe.

Germany digital bank N26 has been issued a €4.5m fine from the Federal Financial Supervisory Authority (BaFin) for its delay in submitting reports around AML.

German financial regulator BaFin has ordered challenger bank N26 Bank to implement appropriate controls and safeguards to prevent money laundering and terrorist financing.

German challenger bank N26 has entered the insurance space, with customers now able to buy cover, manage plans and initiate claims.

Swedish FinTech unicorn Klarna has launched consumer bank accounts in Germany.

FinTech deal activity nearly tripled in the first quarter compared to Q1 2020 as companies completed 50 funding rounds

Revolut's revenues dropped by 40% at the start of the coronavirus crisis, but now the neobank has revealed that it is 50% ahead of its pre-pandemic levels and even broke even in November.

Danish challenger bank Lunar has raised a €40m Series C round and is planning to go into the buy now, pay later market.

With an attractive insurance package and interest rates, Monzo's new Premium metal card looks like a solid offering. But will it be enough to make up for its massive losses?