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Berlin-based start-up halves losses after investing in fraud prevention and anti-money laundering controls
Online bank to focus on Europe in effort to reduce losses
BaFin to allow Berlin-based start-up to 60,000 new clients a month, up from 50,000
Funding bonanza has come to an end with interest rate rises and doubts about profitability, controls and culture
N26’s strategic planning, leadership and governance in the spotlight
German insurance group values smartphone bank at as little as $3bn
German fintech’s senior management laid bare their concerns in blistering internal memo
Fintech start-up loses Thomas Grosse while scrambling to improve anti-money laundering controls
Online bank optimistic over cash despite regulatory cap on new customers and a 14% rise in net losses
Max Tayenthal says €7.8bn fintech should have prioritised expanding its services over ‘putting flags’ in more countries
Retreat follows last year’s UK exit and series of public rebukes from German regulator
Fintech limited to maximum 70,000 new customers a month in long-running BaFin tussle
German regulator rebukes the fast-growing online bank and has installed a supervisor to monitor progress
BaFin’s intervention comes 2 years after it ordered digital bank to improve controls
London mayoral candidate aims to be both a house guest and a housebuilder
Oil group’s green push; German digital lender N26 struggles in crowded field
German challenger blames Brexit disruption although fintech rivals maintain commitment
New data show challenger banks aren’t managing to convince customers to ditch their old high-street accounts.
Lenders take a lead from subscription services that make recommendations based on user behaviour
$3.5bn online bank is fixing customer service and security problems, says chief
“In all honesty, profitability is not one of our core metrics”.
Europe’s most valuable fintech says it does not see profitability as a ‘core metric’
German bank told by BaFin to fix backlogs and strengthen staffing
Online bank raised $300m from US Insight Venture and Singapore’s GIC
Berlin-based start-up will be hoping to emulate success of app-based rival Monzo
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