N26

N26 raises $160 million in Series C funding round led by Allianz X and Tencent

N26 raises $160 million in Series C funding round led by Allianz X and Tencent

German direct bank N26 has raised money in series C funding round. The online bank offers services in majority of Eurozone. The bank founded in February 2013 has witnessed impressive growth due to its low costs and online services.

As per reports, N26 has raised $160 million in a funding round co-led by Allianz X, the digital investment unit of Allianz Group, and Tencent Holdings Ltd., a leading provider of internet value-added services in China. The funding will be used to accelerate N26’s global growth strategy and product vision.




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