Turnover: 263 million EUR (2023)

Country: Germany

  • German neobank founded in 2013
  • 1500 employees

News

N26 relaunches its conquest of France 06/07/2023

  • N26 aims to double the number of customers in France by 2025, from 2.5 million to 5 million.
  • Boursorama, Société Générale's online banking subsidiary, has around 5 million customers.
  • N26 expects to become profitable in 2024.
  • N26 hopes to double or triple the amount deposited by its French customers through more active account use.
  • N26 plans to offer a term account by the end of the year, with an interest rate of 2.26% in Spain.
  • British fintech Revolut has launched a consumer credit offer of up to 50,000 euros for its French customers.

N26 downsizes. 03/05/2023

  • N26 has 1,700 employees
  • N26 posted losses of €172 million in 2021
  • The company raised $900 million in March 2021
  • N26's valuation was $9 billion in March 2021
  • Allianz holds a 5.3% stake and is looking to sell it for a $3 billion valuation
  • N26 has 8 million customers
  • Stripe cut 14% of its workforce, or more than 1,000 positions
  • Klarna cut 10% of its workforce, or 700 positions

Allianz is considering selling its stake in N26 20/04/2023

  • Allianz is considering selling its 5.3% stake in N26.
  • N26 is currently valued at $3 billion, a 68% discount to $9 billion in October 2021.2
  • N26 currently has 8 million customers.
  • Competitors' valuation:
    • Klarna went from $45.6 billion in June 2021 to $6.7 billion in July 2022
    • Stripe went from $95 billion in 2021 to $50 billion in March 202

The management of neobank N26 is being challenged by its employees. 09/03/2023

  • N26 is a German online bank founded in 2013 and has 1,500 employees in its ten offices, from Berlin to Sao Paulo by way of Paris
  • Faced with a dwindling pool of new customers, N26 is also having to broaden the range of products available with, among other things, savings offers in Germany, consumer credit in France and cryptocurrency investments in several European markets

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