N26 Raises $160mn for US Expansion Plans

German Digital bank N26 has raised $160mn to fund their U.S expansion plans; Tencent and Allianz were lead investors in the round and it could set the stage for a future IPO according to N26 co-founder and CEO Valentin Stalf; “It’s a good round to be as independent as possible,” Stalf said to TechCrunch. “This funding round really brings N26 to a pre-IPO stage. I think we see a clear path to a very sustainable company with this funding round. Maybe in the next five years there will be an IPO.”; the bank currently has eight staff members in NY and customers have been signing up on the waiting list since October 2017. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.