German digital bank N26 raised over $900 million in a funding round and now is valued at more than $9 billion.

The round was led by renowned New York-based tech investors Third Point Ventures and Coatue Management, and joined by Dragoneer Investment Group, as well as N26’s existing investors.

“This funding round is not only a signal from our investors that they believe that digital banking is the future. It’s also a sign that we are now a leader that will define what our industry looks like in the years to come, with a new level of responsibility to do even better and do more to give customers the best and most secure digital banking experience possible,” the founders of the bank Valentin Stalf and Maximilian Tayenthal said in their statement.

The company will use the raised money to line up for an IPO, launch new products and hire 1,000 people. As of January of the running year, the company has 7 million customers across 25 markets and 1,500 employees.



Bank N26 was founded in 2013. The startup worked without a license until 2016 and provided service only to residents of Austria and Germany. In 2016, the company got the name N26 and the European banking license. In July of 2019 it entered into the U.S. via partner Axos Bank.

To note, in summer 2019 the bank raised $170 million in investment from current shareholders and valued at $3.5 billion.

The partner of Fintech section is