# N26

**Source:** https://geo.sig.ai/brands/n26  
**Vertical:** Finance  
**Subcategory:** General  
**Tier:** Emerging  
**Website:** n26.com  
**Last Updated:** 2026-04-14

## Summary

European digital bank with 8M customers and $9B valuation; German banking license, BaFin compliance strengthened after growth caps, mobile-first banking.

## Company Overview

N26 is a European digital bank providing mobile-first banking accounts, international transfers, savings products, and premium banking tiers to over 8 million customers across Europe. Founded in 2013 in Berlin by Valentin Stalf and Maximilian Tayenthal, N26 raised over $1.7 billion from investors including Tencent, Allianz, and GIC at a $9 billion valuation in 2021, making it one of Europe's most valuable fintech companies. The company holds a German banking license and provides full SEPA bank accounts to customers across most EU member states.

N26's product philosophy centers on a beautifully designed mobile interface, instant transaction notifications, real-time spending categorization, and international transfers at competitive exchange rates. Premium tiers (N26 Smart, You, Metal) offer travel insurance, cashback, and higher ATM withdrawal limits. The company's free tier with no monthly fee and free international card payments made it particularly popular among travelers and mobile-first Europeans.

In 2025, N26 has navigated significant regulatory challenges — the German financial regulator BaFin imposed customer growth caps on N26 due to AML compliance deficiencies, limiting customer acquisition in Germany for several years. These caps were lifted in late 2023, allowing the company to resume growth. N26 exited the US and UK markets to focus on its European core. The company has responded to regulatory pressure with significant compliance investment and now emphasizes its strengthened compliance infrastructure. N26 competes with Revolut, Monzo, and traditional bank digital challengers across Europe, with German-speaking markets as its strongest base.

## Frequently Asked Questions

### What is N26?
N26 is a European digital bank founded in 2013 and based in Berlin, Germany. It serves 10 million registered accounts with 4.8 million active customers and is a licensed bank in the EU.

### What products and services does N26 offer?
N26 offers mobile banking and checking accounts, debit cards powered by Mastercard, savings accounts and vaults, premium and Metal subscription tiers, and international money transfers. The company is also expanding its treasury and lending activities.

### Who should use N26?
N26 serves consumers across Europe seeking digital banking solutions through their mobile devices. The company operates in the consumer finance industry with offerings ranging from free accounts to premium subscription services.

### When was N26 founded?
N26 was founded in 2013.

### Where is N26 headquartered?
N26 is based in Berlin, Germany.

### What is N26's current valuation and funding status?
N26 has a valuation of $6 billion as of 2023, down from $9 billion in 2021. The company is planning a €400 million Series F funding round in 2025.

### What are N26's key financial metrics and achievements?
N26 achieved €440 million in revenue in 2024 (approximately $486 million, up 40% year-over-year) and reached its first quarterly profit in Q3 2024. The bank processes €140 billion in annual transaction volume and holds over $11.1 billion in customer deposits.

### What is N26's approach to banking?
N26 operates as a fully digital, mobile-first bank with a European banking license. The company focuses on providing banking services entirely through its mobile app without traditional physical branches.

### How many customers does N26 have?
N26 has 10 million registered accounts with 4.8 million active customers as of 2024.

### What are N26's recent developments?
N26 achieved monthly profitability starting in June 2024 and its first quarterly profit in Q3 2024. The company is planning a €400 million Series F funding round in 2025 and is expanding its treasury and lending activities.

## Tags

b2c, fintech, mobile-first, europe, scaleup

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*