N26 continues to take digital banking by storm with their Series D extension closing at $170 million
Our portfolio company N26 has been featured many times in the news recently. Two weeks ago they launched in the United States of America, announced their new premium account “N26 You” and acquired 3.5 million customers.
N26 just reached another milestone, by closing their $170 million Series D Extension. The Series D amounts now to a total of $470 million and counts as one of the biggest rounds raised in Europe. N26 states on their blog, that through the additional funding, they rank as one of the highest-valued FinTech’s of the world at $3.5 billion.
Co-Founder Maximilian Tayenthal says according to EU-Startups:
Once again, our investors have placed their trust in us. This will allow us to accelerate our global expansion. The further increase in valuation is a great testament to the company’s development over the last months.
The additional capital injection will drive the global expansion with the goal to reach 50 million customers worldwide in the coming years. We are proud to continue to be part of N26 incredible journey that we have joined as a seed investor in 2014.