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, DE
Websiten26.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Apr 2022)1,629(+3%)
Revenue (FY, 2018)€43.6 M(+149%)
Cybersecurity ratingBMore
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Key People/Management at N26

Valentin Stalf

Valentin Stalf

Founder and CEO
Maximilian Tayenthal

Maximilian Tayenthal

Co-founder and co-CEO
Nicolas Kopp

Nicolas Kopp

U.S. CEO
Alexander Weber

Alexander Weber

Chief Growth Officer
Gino Cordt

Gino Cordt

CTO
Meghan Gault

Meghan Gault

Director of People, US
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N26 Office Locations

N26 has offices in Berlin, New York, Vienna, São Paulo and in 1 other location
Berlin, DE (HQ)
Rungestraße 22/3. Hinterhof
Berlin, DE
Klosterstraße 62
Berlin, DE
Kurfürstenstraße 72
Milano, IT
Via Pola, 11
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

2 years ago

N26 investors

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
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
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 m1.5 m2 m2.3 m3.5 m5 m5 m5 m

Transactions

10 m

Countries

17242525

Customers (US)

250 k500 k

N26 Acquisitions / Subsidiaries

Company NameDateDeal Size
N26 Bank GmbH
N26 Inc
N26 Operations GmbH

N26 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

N26 Online and Social Media Presence

Embed Graph

N26 News and Updates

Bank of Italy bans N26 from onboarding new customers over AML failings

The Bank of Italy has imposed a ban on the recutiment of new customers by digital bank N26 following an on-site inspection which uncovered lax money laundering controls.

N26 to be IPO-ready by end of year

German digital banking powerhouse N26 will be structurally ready for an IPO by the end of the year and could list as early as 2024.

N26 COO Gormley quits

N26 Chief Operating Officer Adrienne Gormley will be leaving her role in April this year to pursue other challenges.

Germany's $9 billion digital bank N26 to withdraw from the U.S.

N26's American customers will no longer be able to use its app from Jan. 11, 2022.

N26 withdraws from US

German digital bank N26 is to shut down its US operations in order to sharpen its focus on its European business.

Thiel-Backed Bank N26 to Close 500,000 Accounts in U.S. Exit

Thiel-Backed Digital Bank to Close 500,000 Accounts in U.S. Exit
Show more

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 Nicolas Kopp.

  • How many employees does N26 have?

    N26 has 1,629 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 €26.8 k.

  • Who are N26 competitors?

    Competitors of N26 include Solarisbank, Simple and Starling Bank.

  • Where is N26 headquarters?

    N26 headquarters is located at Rungestraße 22/3. Hinterhof, Berlin.

  • Where are N26 offices?

    N26 has offices in Berlin, New York, Vienna, São Paulo and in 1 other location.

  • How many offices does N26 have?

    N26 has 7 offices.