By Oliver Smith on Thursday 28 January 2021
Another milestone for the pre-IPO digital bank.
The bank also revealed that its monthly transaction volumes are now over €5.5bn and plans to hire for 200 new product and tech roles in 2021.
“As a fully licensed digital bank, we have built a banking experience for the times we live in, not for a specific generation, especially in the confining and uncertain times we live in today.”
For context, in January 2020 N26 reached 5m customers, giving them a 2m customer gain over the past 12 months.
Currently, N26 operates across Europe (excluding the UK) and the US, but this month the bank was given the green light to bring its services to Brazil marking the fintech’s first entry to Latin America.
“If we list on the stock exchange in three years that would be fast,” he said.