Smartphone bank N26 is the first German financial technology company to be valued at more than one billion US dollars. This places Germany among the countries that are home to at least one fintech unicorn. N26 recently raised a massive 260 million euros in a funding round – the largest amount ever received from investors by a German financial startup. The bank plans to expand into the US in the coming months, so this cash injection comes at an opportune time. N26's total market valuation is currently 2.3 billion euros.
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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