Tencent and Allianz-backed mobile bank N26 will use the proceeds from the Insight Venture Partners-led round, which valued it at $2.7bn, to expand into the US.
N26, the Germany-based mobile bank operator backed by insurance firm Allianz and internet group Tencent, secured $300m today in a series D round that valued it at $2.7bn
Venture capital and private equity firm Insight Venture Partners led the round, which included contributions from Singaporean sovereign wealth fund GIC and unnamed existing investors.
N26 runs a mobile banking service that has more than 2.3 million customers across 24 European countries, and it plans to channel the series D funds into…
