N26 was founded February 2013 by Valentin Stalf and Maximilian Tayenthal. In an interview with the Financial Times in August of 2019, CEO Valentin Stalf expressed, “We would like to list on the stock exchange in three to five years.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
N26 is a fully mobile, direct bank headquartered in Germany. Per the company’s website, N26 currently has over 4.5 million customers in over 25 markets including the United States. The company has raised over $780 million in Venture Capital funding from investors including Insight Partners, Tencent Holdings, Battery Ventures, Draper Esprit, FG2 Capital, Insight Partners, Vis Capital, Valar Ventures, GIC, and Allianz X. Most recently in May 2020, N26 expanded its Series D to $570 million, bringing its post-money valuation to $3.5 billion.