Germany’s Most Valuable Start-Up
After another successful round of funding this summer, online bank N26 has become Germany’s most valuable start-up with a total estimated worth of 3.5 billion euros.
The Berlin company was able to raise an additional 152 million euros in July after taking in 260 million at the start of 2019.
“After the round in January, several of the investors already involved approached us and asked if they could increase their investments,” N26 co-founder and CEO Valentin Stalf told Welt newspaper.
The money came from both inside and outside Germany. Part of the funds will be used to hire more personal and expand domestically and abroad. As of the first half of this year, N26 had 3.5 million customers, but Stalf said the company aimed to attract 4 to 5 million clients by the end of 2019.
A carpet with a programming code motif in the offices of the Berlin-based FinTech N26 © Andreas Pein/laif