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German fintech unicorn N26 just had its first profitable quarter
Ten years after pitching on stage at TechCrunch Disrupt in London, fintech N26 has reported its first ever quarterly (pre-tax) profit. The challenger bank
Ten years after pitching on stage at TechCrunch Disrupt in London, fintech N26 has reported its first ever quarterly (pre-tax) profit. For several years, Germany’s financial regulator BaFin imposed a cap on new signups as a sanction to force the startup to improve its anti-money laundering processes. As a reminder, in addition to free accounts, N26 offers paid subscriptions with access to more financial services and features.
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