Mobile banking start-up N26 has raised $300m in a series D funding round led by Insight Venture Partners . The US -based firm's online-exclusive business has been gradually expanding across Europe and currently hosts more than 2 million German customers in a mobile-banking sector which features challengers like Monzo , Starling Bank and Atom Bank . The latest investment, which follows $300m raised in a few months ago , brings its valuation to unicorn status, at $ 2.7bn . The cash injection could potentially allow N26 to extend its reach to the Berlin , 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. The latest investment, which follows $160m raised in 2018, brings its valuation to unicorn status, at $2.7bn. The cash injection could potentially allow N26 to extend its reach to the US, a market firmly in the company's sights.