INSUBCONTINENT EXCLUSIVE:
Fintech startup N26 is raising $170 million a few months after raising $300 million
only reached out to existing investors
All the investors in the Series D round are investing again, as well as a few investors that have been around for a while
has now reached a post-money valuation of $3.5 billion
The company has raised $670 million in total
And N26 says that it is now the highest valued German startup and one of the highest valued fintech startups in the world.N26 has been
building a retail bank that works better
The company lets you sign up from your phone, get a card that you can control from your phone and make purchases all around the world
without any foreign transaction fee
And the company has managed to attract 3.5 million customers all around Europe.More recently, N26 launched its challenger bank in the United
States The company plans to expand to Brazil in the coming months and launch more products to make it easier to manage your money
Many features will be based on Spaces, which are sub-accounts that let you separate your money in multiple pools and eventually share Spaces
with other people.I chatted with N26 co-founder and CEO Valentin Stalf about the future of N26
I think it was a little bit similar.But now, N26 You is more individual
You can have different colors
And then, with Spaces, I think we're trying to build the most flexible bank account to live and think your way.And then, in the next quarter
Sometimes, people want to have multiple cards
The new package will be based on traveling but also mobility
You talked about Shared Spaces and multiple cards
Some of the transactions that might show up in your timeline might not be done by yourself but maybe by someone else.Depending on which
transaction you do, we move more details into the timeline directly based on what we think is important
monthly transaction volume?Stalf: We have an opportunity that we build a bank that has more than 50 million users around the globe
