Wednesday September 23, 2020

Online bank raises $160m in fresh funding

Mobile first bank N26 has been operating in Ireland since 2016

22nd March, 2018
Co-founder and CEO of smartphone-based bank N26, Valentin Stalf. Pic: Eric Piermont/AFP/Getty Images

N26 the Berlin-based online bank with a growing presence in the Irish market has just raised $160 million in a funding round led by Chinese internet giant Tencent.

The low cost, mobile first bank has been operating in Ireland since 2016 and says that the Irish market is one of its strongest on a per capita basis.

“Markets such as Ireland where you have traditional slow-moving players, relatively poor online offerings and high fees are where we...

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