Fintech Startup N26 Receives EU Banking License, Launches Investment Product

Fintech Startup N26 Receives EU Banking License, Launches Investment Product

With the banking license, this will give N26 the ability to access the entire EU instead of the handful of countries it originally operated in, as an EU licensed bank. Originally, they relied on Wirecard, a German banking platform. Launching its app back in 2015, N26 or formerly NUMBER26 has around 200,000 users on its mobile banking app for them to be able to open bank accounts, transfer and even deposit/withdraw using an ATM or CASH26 locations. Adding features. Valentin Stalf, founder and CEO of N26 states: “This [banking license] will allow us to significantly enhance the diversity of....


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