Berlin/London? ?-? ?November? ?3rd,? ?2017? ?-? ?N26,? ?The? ?Mobile? ?Bank,? ?announced? ?today? ?it? ?will? ?enter the? ?UK? ?market? ?in? ?the? ?first? ?half? ?of? ?2018.? ?
N26? ?has? ?redesigned? ?banking? ?for? ?the? ?smartphone, becoming? ?a? ?full? ?replacement? ?for? ?any? ?other? ?account? ?by? ?providing? ?an? ?outstanding? ?user experience? ?and? ?one-click? ?access? ?to? ?all? ?financial? ?products.? ?
The? ?mobile? ?bank? ?has? ?proven? ?to? ?be? ?a game? ?changer? ?in? ?its? ?Eurozone? ?markets,? ?growing? ?its? ?customer? ?base? ?to? ?more? ?than? ?half? ?a? ?million within? ?only? ?2.5? ?years? ?and? ?adding? ?more? ?than? ?1500? ?new? ?customers? ?per? ?day.? ?
UK? ?customers? ?can register? ?on? ?the? ?company’s? ?website? ?to? ?get? ?early? ?access? ?effective? ?immediately.? ?UK? ?customers will? ?receive? ?a? ?fully-fledged? ?GBP? ?current? ?account? ?with? ?an? ?individual? ?N26? ?account? ?number,? ?sort code? ?and? ?Mastercard.
The ?UK ?is ?one ?of ?the ?most ?advanced ?markets ?in ?Europe ?in ?terms ?of ?digital ?payment ?methods. Non-cash ?payments ?and ?e-commerce ?are ?the ?accepted ?norm. ?These ?advancements ?in technology ?have ?fuelled ?strong ?demand ?for ?a ?fully ?fledged ?mobile ?banking ?experience. “We ?believe ?the ?UK ?population ?will ?discover ?N26 ?as ?the ?first ?bank ?they’ll ?love ?to ?use,” ?says Valentin ?Stalf, ?Founder ?and ?CEO ?of ?N26. ?”Offering ?the ?best ?financial ?products ?to ?our ?customers with ?the ?best ?user ?experience ?is ?our ?top ?priority ?and ?the ?key ?to ?our ?success.”
Simplicity ?is ?one ?of ?N26’s ?core ?values ?and ?is ?present ?at ?all ?touchpoints ?with ?customers, ?creating an ?exceptional ?user ?experience. ?The ?account ?opening ?process ?is ?completely ?paperless, ?and ?can be ?done ?from ?a ?smartphone ?anytime ?and ?anywhere. ?Within ?the ?app, ?customers ?can ?instantly lock ?and ?unlock ?their ?card ?with ?just ?one ?tap. ?Customers ?receive ?real-time ?push ?notifications ?with each ?transaction ?made ?with ?their ?account. ?A ?statistical ?breakdown ?of ?all ?spending ?can ?be accessed ?in ?just ?a ?few ?taps. ?All ?products ?are ?seamlessly ?integrated ?into ?the ?N26 ?app ?interface, which ?creates ?a ?simple ?and ?quick ?transition ?between ?all ?financial ?products.
By ?partnering ?with ?the ?most ?innovative ?Fintech ?companies ?and ?traditional ?players, ?N26 ?will ?give customers ?access ?to ?the ?best ?digital ?banking ?products, ?making ?N26 ?a ?full ?replacement ?of ?any other ?bank ?account. ?It ?has ?already ?partnered ?with ?TransferWise ?to ?give ?its ?customers ?the ?best exchange ?rates ?when ?transferring ?money ?abroad. ?Its ?partnership buy levitra 10 mg ?with ?Raisin ?allows ?N26 customers ?to ?save ?money ?and ?choose ?the ?best ?interest ?rate ?from ?banks ?across ?Europe. ?The integration ?of ?Vaamo ?into ?the ?N26 ?app ?allowed ?customers ?to ?invest ?their ?money ?and ?manage ?a customized ?investment ?portfolio.
N26 ?has ?been ?granted ?a ?banking ?license ?by ?the ?German ?regulator ?BaFin ?and ?the ?ECB. ?Individual deposits ?are ?protected ?up ?to ?€100,000, ?according ?to ?the ?European ?Deposit ?Guarantee ?Scheme.
N26’s ?business ?model ?is ?simple. ?N26 ?has ?no ?branches ?or ?IT ?legacy ?and ?is ?a ?lean ?organisation. The ?modern ?technology ?used ?by ?N26 ?combined ?with ?its ?flexible ?organisational ?structure ?enables it ?to ?innovate ?faster ?and ?operate ?as ?a ?bank ?at ?a ?much ?lower ?cost ?compared ?to ?traditional ?players. These ?cost ?advantages ?can ?be ?passed ?on ?to ?customers ?resulting ?in ?full ?transparency, ?better prices ?and ?a ?great ?user ?experience.
About? ?N26
N26? ?is? ?Europe’s? ?first? ?Mobile? ?Bank? ?with? ?a? ?full? ?European? ?banking? ?license? ?and? ?is? ?setting? ?new? ?standards? ?in? ?banking.? ?N26 has? ?redesigned? ?banking? ?for? ?the? ?smartphone,? ?making? ?it? ?simple,? ?fast? ?and? ?contemporary.? ?Opening? ?a? ?new? ?bank? ?account takes? ?only? ?eight? ?minutes? ?and? ?can? ?be? ?done? ?directly? ?from? ?your? ?smartphone.? ?Users? ?receive? ?a? ?Mastercard? ?to? ?pay? ?cashless or? ?withdraw? ?cash? ?all? ?around? ?the? ?world.? ?They? ?can? ?block? ?or? ?unblock? ?their? ?card? ?with? ?a? ?simple? ?click? ?and? ?send? ?money instantly? ?to? ?friends? ?and? ?contacts.? ?
Valentin? ?Stalf? ?and? ?Maximilian? ?Tayenthal? ?founded? ?N26? ?in? ?2013? ?and? ?launched? ?the initial? ?product? ?in? ?early? ?2015.? ?Since? ?the? ?launch? ?N26? ?has? ?grown? ?to? ?more? ?than? ?500.000? ?customers? ?across? ?17? ?European markets? ?and? ?has? ?over? ?300? ?employees.? ?N26? ?currently? ?operates? ?in:? ?Austria,? ?Belgium,? ?Estonia,? ?Finland,? ?France,? ?Germany, Greece,? ?Ireland,? ?Italy,? ?Latvia,? ?Lithuania,? ?Luxembourg,? ?Netherlands,? ?Portugal,? ?Slovakia,? ?Slovenia,? ?and? ?Spain.? ?N26? ?has also? ?announced? ?to? ?enter? ?the? ?US? ?market? ?in? ?Mid? ?2018? ?where? ?it? ?will? ?operate? ?via? ?its? ?wholly? ?owned? ?subsidiary? ?N26? ?Inc. based? ?in? ?New? ?York.? ?Since? ?January? ?2015,? ?N26? ?has? ?been? ?available? ?for? ?Android,? ?iOS,? ?and? ?desktop.? ?N26? ?has? ?raised? ?more than? ?$55? ?million? ?from? ?investors? ?including? ?Li? ?Ka-Shing’s? ?Horizons? ?Ventures,? ?Battery? ?Ventures? ?and? ?Valar? ?Ventures,? ?in addition? ?to? ?members? ?of? ?the? ?Zalando? ?management? ?board,? ?Earlybird? ?Venture? ?Capital? ?and? ?Redalpine? ?Ventures.
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