Money Makers Mentor

N26 eyes an IPO and LatAm expansion after hitting 7 million customers milestone

N26 announced that it has over 7 million active customers on its digital banking platform since its inception in 2013. The German based-digital bank penetrated the US market in 2019 and has seen exponential growth in customers since. 

The neobank serves 25 nations across the EU and the United States and has nearly 1,500 employees worldwide. N26 offers customers a zero fee, all digital banking platform which is becoming popular among the younger retail bankers.

During a pandemic ridden year, N26 added nearly 2 million customers across all markets, Alex Weber, Chief Growth Officer said. In May 2020, N26 raised $570 million in an extended Series D round taking its total capital raised to $950 million. N26’s current valuation sits around $3.5 billion.

“The extension helped to cement …

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