Tag: N26
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Bafin Extends Scrutinity Against N26!
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The billion-dollar German-Austrian neobank N26 still has deficits in money laundering prevention. In contrast, co-chief executive Maximilian Tayenthal now declares two other areas to be problem-free.
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N26 Plans To Launch An Interest Product!
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Berlin-based neobank N26 also wants to pass on the increased interest rates to its customers – CEO Valentin Stalf announced the launch of a savings product at the Finance Forward conference.
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N26 Lets Go About 70 Employees To Achieve Profitability In 2024!
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In 2024, Berlin-based Neobank finally wants to be in the black. To achieve this ambitious goal, costs must be reduced. Therefore, the fintech company of Austrian founders Maximilian Tayenthal and Valentin Stalf announced today that about 70 employees would have to leave, corresponding to about 4% of the workforce.
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Black Banx! The Fantastic Story Of Another German Fintech Unicorn And Its Billionaire Founder!
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FinTelegram has brought a new report on the fantastic German fintech billionaire Michael Gastauer and his Black Banx. The story is actually really unbelievable, whereas the term “fantastic” in the FinTelegram story was probably meant rather ironic to cynical. In a press release, Black Banx claimed to have more than…
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Payback Kicks Out N26
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Payback users can usually convert their points into money. This is done via SEPA transfer to a checking account. However, this is currently no longer possible at N26, as “Mobiflip” reports. If an N26 IBAN is stored, users only receive the message “Please check the IBAN entered”. Until recently, the…
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The Many Losers Of The FTX Collapse And Its Devastating Consequences!
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In the FTX crash, the crypto market has been in a state of shock. Celebrities such as the U.S. football star Tom Brady are among those affected. Slowly, the full extent of the FTX crash is becoming visible. Sam Bankman-Fried’s crypto exchange had signed big-name investors and promotional deals, including…
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Former Tink Employees Launched FinTech Atlar And Raised Five Million Euros!
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The new fintech startup Atlar, founded by three former Tink employees, Joel Nordström, Joel Wägmark and Johannes Elgh, is launching. Atlar allows businesses to communicate directly with banks via a novel layer to seamlessly and automatically initiate and reconcile payments.
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Fintech N26 Changed Legal Form Into A Joint Stock Company!
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Neobank N26, legally organized as a GmbH (limited liability company), will be transformed into an AG (joint stock corporation). Accordingly, a supervisory board will be established. Being a joint stock company, the prerequisites would be created to be able to transform it into a European company (Societas Europaea, SE) in…
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Seven Million Customers: Turkish Super App PayCell Set To Conquer Europe!
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Billion-dollar mobile operator Turkcell plans to bring its super app Paycell to Europe – and is counting on bank fintech Solaris as a partner. The Turkish fintech wants to manage its expansion from an office in Stuttgart. PayCell has 7 million clients. German neobanking pioneer N26 had to expand into…
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Sudanese Fintech Bloom Gets $6.5M!
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Bloom (website), a Sudan-based fintech company that offers a high-interest savings account and digital banking services, has secured a $6.5 million seed round funding. That funding round included fintech giant Visa, Y Combinator, U.S.-based VCs Global Founders Capital (GFC) and Goodwater Capital, and UAE-based early-stage venture firm VentureSouq.