Tuesday March 31, 2020

Online bank raises $160m in fresh funding

Mobile first bank N26 has been operating in Ireland since 2016

22nd March, 2018
2
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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago