finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. We did the maths on this well-known budgeting method, and sadly, with current salary and rent prices, the 50/30/20 rule is almost impossible to follow. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. In 2018, we were on a mission to deliver on our promise to build a bank the world loves to use. 7 WpHG (new tab); Avoidance of Conflicts of Interest §63 Para. Starling Bank has launched a new online banking portal for personal and joint account holders, in response to customer demand for more accessible banking. Charlie Barton is a publisher at Finder. With the rise of digital banking and its growing appeal among millennials and all those looking for an easier and less bureaucratic alternative to traditional branch banking, it’s important to be aware of the heavy hitters in the digital banking world such as N26. You are about to post a question on finder.com: Level 2, 20 St Thomas St, that aims to provide you with the tools you need to make better VAT number: 259751759. Basic pre-contractual Information "N26 Invest" (new tab) Product-related Information §63 WpHG (new tab); Risk Information for Investors §63 Para. In terms of an estimated 700,000 customers, that was an average of exactly 588 euros. This put the digital bank well above prominent competitors such as Monzo, Yolt and Monese. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. 3 WpHG, Avoidance of Conflicts of Interest §63 Para. We continue to be one of the fastest growing mobile banks in Europe and we’re not stopping there, with our sights set on the US in 2019. Charlie has a first-class degree from the London School of Economics, and in his spare time enjoys long walks on the beach. Along with having a large and growing customer base, N26 also has some of the happiest users in the digital banking industry. Next to offices in Berlin and New York, in October we officially opened our new office in Barcelona, to create a hub for our product and tech specialists to keep delivering better products. How far in the red is the UK We explore the latest debt statistics for both the government and individuals in the UK. Want to see more? product provider, We cannot provide you with personal advice or recommendations, Starling Bank makes its mobile app desktop-accessible. We take a look at the cost and what’s on offer. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. This is a major building block in our efforts to deliver the most flexible banking experience to our customers and we have innovative new products planned for 2019. In this guide, you’ll discover some of our favourite alternatives to a Tuxedo prepaid debit card. Accompanying the rapid growth has been an increase in size and the startup has now over 1,300 employees. While we are independent, we may receive compensation from 3 WpHG (new tab); Education on Cost §63 Para. 2019 Announced $300 million in Series D funding and a further $170 million extension, bringing our valuation to $3.5 billion. Finder.com Comparison UK Limited (company number: 10482489) is We are a credit broker and not a lender and may also receive compensation if you click on certain links posted on The company’s mission is to make banking easy, straightforward and efficient for customers. Basic Information Investment Funds by BVI Bundesverband Investment und Asset Management e.V. Here’s everything you need to know about the digital-only bank that’s shaking up the banking industry. finder.com is a financial comparison and information service, not a bank or finder.com is an independent comparison platform and information service Find out the latest data here. Please visit these similar companies. cording to their annual report of 2016, its third USP is the scalability. We have collected all the latest banking statistics here. According to the startup, in 2019 it had 250,000 daily active users. Our growth wouldn’t be possible without the impressive developments from our product team. Optional, only if you want us to follow up with you. From the average house price to how many outstanding mortgages there are, we explore all the latest mortgage statistics for the UK. How are opinions about banks changing? Our Barcelona team has already grown to 20 employees. N26 revenue increased from €17.5 million in 2017 to €43.6 million in 2018, a (148.8%) increase. 21 December 2018 We look back on reaching 2 million customers, being ranked the #1 startup to work for in Germany and launching N26 in seven new markets. our site. Today, N26 has reimagined banking for the smartphone, and continues to make banking simple, accessible and transparent for all. He specialises in banking and investments products, including banking apps, current accounts, share-dealing platforms and stocks and shares ISAs. Here’s a video from the opening. Introduced N26 Metal, our top-of-the-line premium account with exclusive benefits to suit every lifestyle. N26 has shown incredible growth and popularity among customers over the years, going from 200,000 customers in early 2016 to millions in 2019. Some funding has also come from individual investors such as David Schneider and Robert Gentz. N26 x adidas—whatever your goal, we’ll keep you on track, People Stories: telling the story of our product through our people, N26 raises more than $100 million in extension of its Series D funding, We’re in this together—explore N26’s perks and discounts to enjoy from home, N26 is handing over the mic to local businesses during the global pandemic—here’s why. reference number: 786446). One of our most exciting releases of 2018 was Spaces in August. What’s N26’s valuation? How many people are still using bank branches in the UK in 2020? 86% of its customers gave the bank a positive rating, tying it with popular banks such as Monzo in terms of customer satisfaction and happiness. If you are Of course, this successful year would not have been possible without our customers. Annual Revenue ( € ) N26 revenue was €43.65 m in FY, 2018 which is a … New UK banking startup Novus says it will offer a digital bank account with a conscience. Our address is Level 2, 20 St Legal documents section for Invest. The bank has a $3.5 billion market valuation (as of 17 July 2019). We look back on reaching 2 million customers, being ranked the #1 startup to work for in Germany and launching N26 in seven new markets. We may also receive compensation if you click on certain links posted on our site. This meant reaching new customers in new markets, developing the best products in the market and making N26 a great place to bank and work. EU based digital bank N26 has chosen to stop operating in the UK in early February due the UK’s decision to leave the EU. decisions. Find out what we achieved in 2018 on our path to build a bank the world loves to use. To become the bank the world loves to use, we need to be a global employer, attracting the best talent from all over the world. Basic pre-contractual Information "N26 Invest", Risk Information for Investors §63 Para. Out of the top three digital-only banks in the market, N26 has the highest market valuation at £3.5 billion. N26 is also the digital bank with the highest investment, with a £682.8 million. The majority of the bank’s investment comes from venture capital firms such as Tencet Holdings, Horizons Ventures and Earlybird Venture Capital. Thomas St, London, SE1 9RG. Your support, trust and feedback has made 2018 one of our best years yet. 2 WpHG, List of Prices and Services for "N26 Invest", Legal Confirmation of Payment and Depot Opening. ZA227007. Digital challenger bank Monzo has launched a new Premium tier for its current account. N26 was founded in 2013 by Valentin Stalf and Maximilian Tayenthal with the vision to transform the way we manage money, and allow us to bank the way we live. Read our guide for alternatives to N26. N26 should be able to outperform large banks in … If the negative trend in UK’s GDP continues, it means it would take just over 5 years to recover from the recent GDP fall to -10.4%. Ex-employee of N26 talks about arbitrary account closures and the working culture at N26 N26 News I have witnessed several cases of total carelessness and lack of responsibility towards clients and the importance their bank account managed by N26 might have for them or their lifes. The company now offers services in 23 European countries as well as in the United States and Brazil. authorised and regulated by the Financial Conduct Authority (firm As at 31 December 2017, N26 managed client deposits due on demand amounting to € 411.8 million. Global Core Equity Fund (EUR Distributing) - Key Investor Documents, Global Small Companies Fund (EUR Distributing) - Key Investor Documents, Emerging Markets Value Fund (EUR Distributing) - Key Investor Documents, Global Short Fixed Income Fund (EUR Distributing) - Key Investor Documents, Global Ultra Short Fixed Income Fund (EUR Distributing) - Key Investor Documents, Annual Report for All Funds (short version). And with new markets came new customers. By enabling users to instantly move funds to their personalized Spaces and back to the main account, we give customers total flexibility and control over how they organize their money and keep track of financial goals. Discover the latest statistics on how it’s disrupting the payments industry. London, SE1 9RS. The bank’s market valuation far exceeds Monzo’s (£2.5 billion) and Revolut’s (£1.7 billion). Buy now pay later is the fastest growing online payment method in the UK. Spaces is a fast and easy way to set aside money based on our customers’ personal preferences and needs. Data Protection ICO registration number: Here’s what we know about it so far. service provider and read the information they can provide. Find out what we achieved in 2018 on our path to build a bank the world loves to use. Trailing behind Revolut, N26 also ranks as the second largest digital-only bank with over 3.5 million customers. By comparison, the British rival Monzo, it was just under 150 pounds by February 2018. accurate but you should confirm any information with the product or offer credit facilities from a panel of lenders. The average customer entrusts N26 just under 600 euros. unsure you should get independent advice before you apply for any The rankings are based on a range of scoring factors, including LinkedIn user interest in the company, interest in jobs and employee engagement and retention. Looking for Other Annual Reports? The latest kid on the neobank block, Vybe is a free-to-use digital account that offers perks and discounts through its range of brand partners. In terms of investment and market valuation, N26 dwarfs other challenger banks.