FinTech Alliance company N26 has announced it reached the one million user milestone in France last month.
In Brief:
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This reportedly means it has surpassed banking giant HSBC, which has 900,000 customers in France according to recent figures.
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Founded in 2015, the challenger bank launched in France in 2017.
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In total, there are 3.5mn N26 users across 26 markets.
What does this mean?
N26 has a lot of backing from investors and now seems to have the backing of the public, too. The company’s recent value was around £2bn, and it counts Chinese internet giant Tencent among its investors.
