Business
N26 shares some metrics
Fintech startup N26 just issued an update on its main metrics. The bank now has 3.5 million customers across 24 European markets. The company is about to expand to new countries, such as the U.S. and Brazil but it sounds like the company is not ready just yet.
In addition to the Eurozone, N26 is currently available in the U.K., Denmark, Norway, Poland, Sweden, Liechtenstein and Iceland.
If you look at past milestones, N26 announced reaching 2 million customers back in November 2018, 2.5 million customers in February 2019. So growth is still accelerating when it comes to user registrations.
Monzo currently has 1.7 million customers while Revolut has attracted 5 million customers.
But even more important than the number of users, N26 currently handles a volume of €2 billion per month — it represents 400 transactions per minute.
There are now 1,300 people working for the company in Berlin, Barcelona, Vienna, New York and Sao Paulo. Metrics are nice but this is soft news. I hope the company will have more announcements soon about product and country launches.
-
Business7 days ago
Tesla drops prices, Meta confirms Llama 3 release, and Apple allows emulators in the App Store
-
Business6 days ago
TechCrunch Mobility: Cruise robotaxis return and Ford’s BlueCruise comes under scrutiny
-
Business5 days ago
Tesla layoffs hit high performers, some departments slashed, sources say
-
Entertainment6 days ago
‘The Sympathizer’ review: Park Chan-wook’s Vietnam War spy thriller is TV magic
-
Business5 days ago
Meta to close Threads in Turkey to comply with injunction prohibiting data-sharing with Instagram
-
Business4 days ago
Former top SpaceX exec Tom Ochinero sets up new VC firm, filings reveal
-
Entertainment4 days ago
ChatGPT vs. Gemini: Which AI chatbot won our 5-round match?
-
Business4 days ago
Tesla layoffs hit high performers, some departments slashed, sources say