N26: Sets sights on future IPO

N26: Sets sights on future IPO

N26: German online bank, sets sights on future IPO

  • N26 plans to eventually apply for an IPO, as part of its aim of building a global brand
  • The bank has raised $470 million in investment this year alone
  • Easy sign-up processes, free basic bank accounts and app-based services have made N26 popular in Europe
  • The company makes it money from premium service upgrades, retailer card fees and overdraft charges
  • Last month, N26 launched in beta phase in the US with banking services
  • N26 has further plans to build on the growing popularity of challenger banks by opening services in Brazil next year