FinTech Magazine December 2019 | Page 70

TOP 10
MARKET VALUATION

$ 3.5bn 70

04 N26

[ Berlin , Germany ]

Disruptive challenger bank , N26 , was founded in 2013 by Valentin Stalf and Maximillian Tayenthal ; the N26 Mastercard was officially launched in 2015 . Speed , ease of use and customer centricity define the N26 banking experience , where customers can access every aspect of their finances through their mobile , removing the need for desktops , laptops and banks altogether . N26 users can sign up for an account in minutes ; “ no paperwork , no fuss ”, as it explains . Users will receive no fees on card payments abroad , they can control account security through the app and they are able to set aside funds or set out specific financial goals through ‘ Spaces ’ sub accounts and use services such as Apple Pay . Little wonder , then , that it boasts a customer base of more than 3.5 million people across 24 European countries .
DECEMBER 2019