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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.
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.
Partnered with Wire Card Bank to manage customers accounts
$266.2 M in 2016
Simon Sebastian Schmincke
Valentin Stalf (CEO); Christian Rebernik (CTO); Kelly Ford (CMO)
SERIES A · $10 M · Apr 2015
SERIES B · $40 M · Jun 2016
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