You’d think it would be a little bit harder to get new customers when your startup is a financial institution. but N26 is now available in 17 different European nations and has opened 300,000 financial institution bills for its user base. at the moment, a thousand individuals signal as much as N26 every day.
The overwhelming majority of the person base still lives in Germany and Austria, however other countries are catching up fast as greater than half of recent signups are outside of these two international locations. There are 30,000 users in France and 10,000 customers in Spain and eire only a few months after signups resumed.
the company has processed €three billion in transaction volume in complete, with 60 p.c of this extent in 2016 alone. N26 has processed 10 million card transactions in 2016, and currently techniques 1,900 transactions per hour — that’s around one transaction each two seconds.
These numbers are nice but are very tiny while you examine N26 with the largest retail banks in Europe. Now that N26 has its own banking license, the company can focal point on growth.
If N26 can appeal to tens of thousands and thousands of shoppers across Europe, then the startup would be a serious contender. For now, it’s a promising start.
Startups – TechCrunch