Home » General World News » German app-only bank N26 raises $160 million from Allianz and Tencent to crack the US

German app-only bank N26 raises $160 million from Allianz and Tencent to crack the US





N26 team

  • German app-only bank N26 raises $160 million from German insurer Allianz and Chinese messaging and payment giant Tencent.
  • Series C funding will go towards US and UK launches later this year.
  • Fast-growing N26 has 850,000 customers across 17 European markets.

LONDON — App-only bank N26 has raised $160 million from German insurer Allianz and Chinese messaging and payment giant Tencent.

N26 confirmed the Series C funding round, which was first reported by Finextra, on Tuesday. It takes the total raised by the 3-year-old German startup to $215 million.

Berlin-headquartered N26 is an app-only bank launched in January 2015. The startup has grown rapidly and read more >>>

Source:: BusinessInsider.Com

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