N26 raises $900 million

Berlin-based challenger bank N26 has closed a $900 million Series E round at a $9 billion valuation, more than doubling the company’s Series D valuation of $3.5 billion when it raised $526 million in May 2020. The latest round was co-led by Third Point Ventures and Coatue Management.

Founded in 2013, N26 currently has over 7 million clients across 25 countries and raised over $1.7 billion to date from prominent investors such as Tencent, Government of Singapore Investment Corporation (GIC), Allianz, Insight Partners, and Dragoneer Investment Group.