neobanks / digital banks . licensed digital banks
Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!
Alku ,
Number26 was rebranded as N26 in May 2016, it has built the mobile only banking application in Europe. It aims to revolutionize the traditional banking industry and how people spend.
Banking App
The company revenue model is based on monthly fees on premium accounts and charges fee on cash deposits at retail stores with 1.5% fee on deposits after the first €100 / month. In addition, it receives a commission from MasterCard each time a N26 customer pays somewhere with the card.
Consumers
Partnered with Wire Card Bank to manage customers accounts
$266.2 M in 2016
Maximilian Tayenthal
Valentin Stalf
Stefan Klestil
Andrew McCormack
Peter Niederhauser
Fabian Friede
Simon Sebastian Schmincke
James Fitzgerald
11-50
Axel Springer Plug and Play Accelerator
Valentin Stalf (CEO); Christian Rebernik (CTO); Kelly Ford (CMO)
YES
3
$52.7 M
Jun 2016
$2.7 M
Jun 2014
SERIES A · $10 M · Apr 2015
SERIES B · $40 M · Jun 2016
NO
Sign up for 7 days free trial with MEDICI Inner Circle to follow and track profiles you care about.
Be a part of the global FinTech community on WhatsApp