Headquarters: Berlin, Germany
Founded: February 2013
Founder(s): Maximilian Tayenthal, Valentin Stalf
Notable Investors: Coatue, Dragoneer Investment Group, Left Lane Capital, Third Point Ventures, Valar Ventures
N26 is a digital bank headquartered in Berlin, Germany, that offers mobile banking services to customers in various countries worldwide. The company was founded in 2013 by Valentin Stalf and Maximilian Tayenthal with the goal of creating a mobile-first bank that would be accessible and easy to use for consumers.
N26 offers a range of banking services, including checking and savings accounts, as well as debit and credit cards that can be managed through its mobile app. The app also provides users with real-time transaction alerts, spending insights, and budgeting tools to help them manage their finances.
N26 operates on a fully digital platform, with no brick-and-mortar branches, and uses advanced security measures, such as two-factor authentication, to protect its users’ accounts. The company is licensed and regulated by the German financial regulatory authority, BaFin, and the European Central Bank, and its accounts are protected by the German deposit protection scheme.
N26 has grown rapidly since its founding and has expanded its operations to serve customers in multiple countries, including the United States, the United Kingdom, France, Spain, and Italy, among others. The company has also raised significant funding from investors, including Allianz, Tencent, and Peter Thiel’s Valar Ventures, among others.