Financial technology start-up N26 has reportedly managed to secure more customers.The start-up noted that it has 300,000 customers in March, while
Financial technology start-up N26 has reportedly managed to secure more customers.
The start-up noted that it has 300,000 customers in March, while the number is now accounting to 500,000 across Europe, as Tech Crunch (techcrunch.com) wrote in a recent publication.
The company offers customers to get all their financial services in one place by setting up a free N26 bank account.
“Your bank account in 8 minutes. Open a new N26 bank account from your phone or computer in an easy, paperless signup process.”, as N26 wrote on their website.
It is possible to register a MasterCard, send and receive money with German IBAN, as well shop with a card without foreign trnsaction fees. Also, the company has added features lke saving money, making investments and taking a loan.
N26 wants to increase its customer numbers even more. They are planning to increase organic singups through ads and branding efforts, as the report added.
“More than 60 percent of our growth is still organic”, as the N26 co-founder and CEO Valentin Stalf told Tech Crunch.
The company`s main markets are Germany, Austria, France, Spain and Italy. While other European customers can sing up, they are still not having access to as many features as German customers.
As Tech Crunch reported, N26 users have managed more than $5.9 billion. Competitors like Revolut claim $3.3 billion in transaction volume with nearly 780,000 customers on their homepage.
Such start-ups may soon disrupt the traditional banking sector. The subject will be closely followed.