Posted by AdviserDirect on 07/18/2019

Digital bank N26 valued at $3.5bn as it adds $160m onto its series D

Digital bank N26 valued at $3.5bn as it adds $160m onto its series D

German fintech starlet N26 has upped its valuation to $3.5bn (£2.8bn), after extending its series D funding round to raise another $160m.

The digital banking app has now raised a total of $470m in the round, which included investors such as Insight Venture Partners, Singapore’s sovereign wealth fund GIC, Tencent, Allianz X, Peter Thiel’s Valar Ventures, Earlybird Venture Capital, and Greyhound Capital. To date, N26 has raised more than $670m.

“This will allow us to accelerate our global expansion. The further increase in valuation is a great testament to the company’s development over the last months,” said N26 co-founder Maximilian Tayenthal. 

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