Germany is now in the club of Fintech unicorns

Published on: January 13, 2019 / update from: January 13, 2019 - Author: Konrad Wolfenstein

The smartphone bank N26 is the first German financial technology company to be valued at more than one billion US dollars on the market. This means that the Federal Republic is now one of the countries in which at least one fintech unicorn is based. raised a huge sum of 260 million euros in a financing round - this is the largest amount that a German financial startup has ever received from investors. The bank plans to expand into the US in the coming months, so the cash injection comes at the right time. Overall, N26 is currently valued at a total of 2.3 billion euros on the market.

Smartphone Bank N26 is the first German financial technology company to be valued at more than one billion US dollars on the market. The Federal Republic of Germany is now one of those countries in which at least one Fintech unicorn has its headquarters. N26 recently collected the huge sum of 260 million euros in a financing round – this is the largest amount a German financial start-up has ever received from investors. The bank wants to expand into the USA in the coming months, so the financial injection comes at the right moment. N26 is currently valued on the market at a total of 2.3 billion euros.

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