German app-only bank N26 raises $160 million from Allianz and Tencent to crack the US
|03/20/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>