Mobile banking start-up N26 has raised $300m in a series D funding round led by Insight Venture Partners. N26 last year launched in the U.K., which represents its first non-Eurozone market. The Berlin-based firm's online-exclusive business has been gradually expanding across Europe and currently hosts more than 2 million European customers in a mobile-banking sector which features challengers like Monzo, Starling Bank and Atom Bank. In the latest round, investors include German investment firm Invesco Ventures with participation from existing investor Kleiner Perkins Caufield & Byers, as well as new backers including Accel Partners and New Enterprise Associates. The cash injection could potentially allow N26 to extend its reach to the US, a market firmly in the company's sights.
Mobile banking start-up N26 has raised $300m in a series D funding round led by Insight Venture Partners. The Berlin-based firm's online-exclusive business has been gradually expanding across Europe and currently hosts more than 2 million European customers in a mobile-banking sector which features challengers like Monzo, Starling Bank and Atom Bank. In the latest round, investors include German investment firm Invesco Ventures with participation from existing investor Kleiner Perkins Caufield & Byers, as well as new backers including Accel Partners and New Enterprise Associates. The cash injection could potentially allow N26 to extend its reach to the US, a market firmly in the company's sights.