Tencent and Allianz-backed N26 has added $100m in a third series D tranche to bring the round to $570m, allocated to an expansion across Europe, the US and Brazil.
N26, a Germany-based digital bank backed by internet group Tencent and insurance provider Allianz, raised $100m in a series D extension yesterday to bring the round to $570m.
Investors in the round were not named, with N26 noting only that they consisted of existing shareholders. The additional capital was raised at the company’s existing valuation of $3.5bn.
Tencent and Allianz X, an investment subsidiary of Allianz, contributed to a $170m second tranche in July 2019 together with Insight Venture…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
