N26

OverviewSuggest Edit

N26 is a company that develops mobile banking solutions. It provides a free basic current account and a debit MasterCard card for its customers. N26 enables customers to request overdraft protection, investment products, and premium current accounts.

TypePrivate
Founded2013
HQBerlin, DEMap
Websiten26.com
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Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2021)1,346
Revenue (FY, 2018)€43.6 M(+149%)
Cybersecurity ratingBMore

Key People/Management at N26

Valentin Stalf

Valentin Stalf

Founder and CEO
Maximilian Tayenthal

Maximilian Tayenthal

Founder & CFO
Markus Gunter

Markus Gunter

CEO
Nicolas Kopp

Nicolas Kopp

U.S. CEO
William Kunter

William Kunter

Director of Finance
Alexander Weber

Alexander Weber

Chief Growth Officer
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N26 Office Locations

N26 has offices in Berlin, New York, Vienna, São Paulo and in 2 other locations
Berlin, DE (HQ)
Klosterstraße 62
Berlin, DE
Kurfürstenstraße 72
Milano, IT
Via Pola, 11
Madrid, ES
Calle de José Abascal, 41
Show all (7)

N26 Financials and Metrics

Summary Metrics

Founding Date

2013

N26 total Funding

$782.8 m

N26 latest funding size

$100 m

Time since last funding

10 months ago

N26 investors

Horizons Ventures, Battery Ventures, Insight Venture Partners, Valar Ventures, GIC, Earlybird Venture Capital, Tencent Holdings, Redalpine Venture Partners, Axel Springer Plug and Play Accelerator, p50 ventures, David Schneider, Robert Gentz, Rubin Ritter, Allianz X, Greyhound Capital, Insight Partners, Armada Investment AG
N26's latest funding round in May 2020 was reported to be $100 m. In total, N26 has raised $782.8 m. N26's latest valuation is reported to be $3.5 b.
View all funding rounds

N26 Revenue

N26's revenue was reported to be €43.65 m in FY, 2018 which is a 148.8% increase from the previous period.
EUR

Revenue (FY, 2018)

43.6m

Revenue growth (FY, 2017 - FY, 2018), %

148.8%

Gross profit (FY, 2018)

29.6m

Gross profit margin (FY, 2018), %

67.9%

Net income (FY, 2018)

(39.9m)

Market valuation

3.5b

Cash (31-Dec-2018)

4.8m
EURFY, 2016FY, 2017FY, 2018

Revenue

17.5m43.6m

Revenue growth, %

149%

Cost of goods sold

6.0m14.5m

Gross profit

(2.7m)11.8m29.6m
show all
EURFY, 2016FY, 2017FY, 2018

Cash

553.8k228.1k4.8m

Accounts Receivable

158.1k166.2k

Current Assets

1.1m642.4k8.9m

PP&E

750.0k1.2m3.9m
show all
EURFY, 2016

Financial Leverage

1.1 x
Show all financial metrics

N26 Operating Metrics

N26's Customers was reported to be 5 m in Jun, 2020.
Jun, 2016Y, 2016Mar, 2017Aug, 2017Mar, 2018Jun, 2018Oct, 2018Dec, 2018Jan, 2019Jun, 2019Jan, 2020May, 2020Jun, 2020Aug, 2020

Customers

200 k300 k500 k850 k1 m1.50 m2 m2.30 m3.50 m5 m5 m5 m

Transactions

10 m

Countries

17 24 25 25

Customers (US)

250 k500 k
Show all operating metrics

N26 Acquisitions / Subsidiaries

Company NameDateDeal Size
N26 Bank GmbH
N26 Inc
N26 Operations GmbH

N26 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

Learn more about our premium products
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N26 Online and Social Media Presence

N26's Trends

Embed Graph

N26 News and Updates

January 28, 2021

N26 to go on hiring spree after hitting seven million customer milestone

Digital bank N26 is to hire 200 staff this year as it surpasses the threshold of seven million customers in the UK and US.
January 26, 2021

Allianz deepens partnership with German neobank N26

Summary List Placement The global insurer has expanded its existing travel insurance coverage for N26 users to cover pandemic-related claims at no extra cost, per Finextra. Founded in 2013, N26 is a Germany-based digital-only bank with more than 5 million customers in 25 markets. N26's premium acc…
January 26, 2021

Mobile banking firm N26 used this pitch deck to bag $40m in its series B round

N26 helps users manage their bank accounts on the go by tracking their expenses and helping them set aside money in real time.
January 22, 2021

N26 and Allianz extend insurance partnership to cover pandemic travel claims

Digital bank N26 today announced that it would be expanding its Allianz Assistance travel insurance included with N26 You, N26 Business You, N26 Metal and N26 Business Metal to cover epidemic and pandemic related claims.
November 24, 2020

N26 launches third subscription account at €4.90 a month

Digital banking pioneer N26 today announced the launch of its newest premium subscription, N26 Smart.
November 24, 2020

N26 launches mid-tier subscription plan for €4.90 per month

Challenger bank N26 is adding a third subscription product called N26 Smart. N26 Smart is designed to be a mid-tier subscription plan with advanced banking features but without a travel insurance package. In Europe, in addition to the free plan, N26 already provides two subscription tiers called N26…
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 N26 Frequently Asked Questions

  • When was N26 founded?

    N26 was founded in 2013.

  • Who are N26 key executives?

    N26's key executives are Valentin Stalf, Maximilian Tayenthal and Markus Gunter.

  • How many employees does N26 have?

    N26 has 1,346 employees.

  • What is N26 revenue?

    Latest N26 annual revenue is €43.6 m.

  • What is N26 revenue per employee?

    Latest N26 revenue per employee is €32.4 k.

  • Who are N26 competitors?

    Competitors of N26 include Solarisbank, Simple and Starling Bank.

  • Where is N26 headquarters?

    N26 headquarters is located at Klosterstraße 62, Berlin.

  • Where are N26 offices?

    N26 has offices in Berlin, New York, Vienna, São Paulo and in 2 other locations.

  • How many offices does N26 have?

    N26 has 7 offices.