The Tencent and Allianz-backed digital bank raised the funding at a $9bn valuation in a Third Point Ventures-led round.
Germany-based digital bank N26, which counts internet group Tencent and insurance provider Allianz as backers, raised over $900m in series E funding yesterday, at a valuation of more than $9bn post-money.
Third Point Ventures, the venture Capital arm of investment adviser Third Point, led the round and was joined by Coatue Management, Dragoneer Investment Group and unnamed existing investors.
N26 operates a mobile bank through an app which offers fee-free card payments around the globe and push notifications for transactions.…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
