The new funding brings the total raised to over EUR 160 million. N26 says its launch in the US is expected in June 2018 with over eight people employed in its NYC office. The funds will also be used to grow its team in Berlin.
Investors in the latest round include both US and European investors, who will be revealed in the official announcement from N26 that is expected within the next ten days.Founded by Stalf and Maximilian Tayenthal, N26 began as a current account with a Mastercard. It now operates as a fully-featured bank providing customers in 17 European countries.
For its core processing technology, N26 uses Mambu’s core banking system, provided on a hosted basis.
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