Sale of its 5% stake may come at a discount
IN BREIF:
In 2021, N26 raised a $900m Series E
This sale would reportedly value N26 at circa $3bn, below the $9bn it reached in 2021
In 2021, German regulator Bafin limited N26’s customer growth and issued fines over AML controls
What does this mean?
Whilst this has been reported by the Financial Times, in a statement to the press N26 said: "N26 is not currently aware of any ongoing secondary sales from existing investors, including from Allianz X, who came on board as lead investors in our Series C round.”
