N26 — Building A Bank the World Loves to Use

Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, N26 is focused on reinventing the banking experience for today’s digital lifestyles. Thanks to its fully digital business model, N26 operate on a much lower cost base with lean organizational structures. Without an expensive branch network or legacy technology, N26 passes on these savings directly to its customers. N26 is part of the wave of challenger banks to enter the retail banking market in recent years, offering best-in class retail banking products including current and savings accounts, personal financing, investing, insurance, payment cards and money transfers. The market opportunity is huge, with the addressable market consisting of the entire retail banking market.

Indeed, with 3.5 million customers in 25 markets, including France, Germany and the UK, N26 is one of the fastest growing challenger banks in Europe, operating with a full bank license since 2016. The company also partners with the most innovative fintech and financial services companies to offer its customers best-in-class products, such as TransferWise (another ACE portfolio company focused on foreign exchange, Raisin (savings), Clark and Allianz (insurance), and auxmoney (credit). By harnessing the power of artificial intelligence and design, N26 is transforming the future of banking to become more adaptive to customers’ financial needs and solve problems in a way that is currently missing among traditional retail banks.

N26 employs more than 1,300 people in Berlin, Barcelona, Vienna, New York and São Paulo. It has raised more than $670 million from the world’s most established investors, including Insight Venture Partners (US), GIC (Singapore), Tencent (China), Allianz X (Germany), Peter Thiel’s Valar Ventures (US), and Li Ka-Shing’s Horizons Ventures (Hong Kong). N26 now ranks amongst the top ten most valuable FinTech companies worldwide. Indeed, the Company is on track to IPO in the next three to four years.




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ACE & Company

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We are a Global Investment Management Group Specialized in Direct Investments.

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