German challenger bank N26 has raised a further $170m to expand its platform globally. The company raised $300m in series D funding the next few months and said the latest investment is an extension of that round. The funding was provided entirely by existing investors, including Insight Venture Partners, GIC and Tencent. N26, which recently launched in the US, plans to expand its service to Brazil over earlier this year and also to add to its product line.
German challenger bank N26 has raised a further $170m to expand its platform globally. The company raised $300m in series D funding earlier this year and said the latest investment is an extension of that round. The funding was provided entirely by existing investors, including Insight Venture Partners, GIC and Tencent. N26, which recently launched in the US, plans to expand its service to Brazil over the next few months and also to add to its product line.