INSUBCONTINENT EXCLUSIVE:
Challenger bank N26 has reached 5 million customers
In 2019 alone, N26 managed to add more than 2.5 million customers
million customers during the first half of 2019 and an addition of 1.5 million customers during the second half of 2019.One reason N26 is
growing at a faster pace is that the company is still expanding to new markets
N26 has been available all around the Eurozone for a while
People living in the U.K., Denmark, Norway, Poland, Sweden, Liechtenstein, Iceland and Switzerland can also open an N26 account.But N26 also
expanded to the United States during the summer of 2019
It represents a huge market opportunity, even though N26 faces competition from local players, such as Chime.Over the past five months, N26
has managed to attract 250,000 customers in the United States The company operates under a sligthly different model in the United States
N26 has partnered with Axos Bank, a white-label partner that manages your money, while N26 takes care of all the interactions between
customers and their money.Banking regulation is complicated in the United States , which makes it difficult to launch a challenger bank
