N26 is Now >1M Customers Strong

Mobile bank N26 now serves more than one million customers stating it has doubled its customer base over the last nine months.

The Allianz-backed company now enjoys >2,500 new user signups daily and its monthly transaction volume exceeds €1B. File under ‘engagement’.

“The primary motivation for people to use N26 is to experience banking in a hassle-free manner while also saving a lot of time and money. Following this path, N26 estimates it will reach more than five million customers by 2020. Last, a market entry into the UK and US is planned for later this year.” “We have built the first mobile bank customers love to use. With N26 customers save time as well as millions of euros in hidden fees every year” – founder and CEO, Valentin Stalf .

In other news, Revolut is now >2M users strong.