N26 has extended its Series D round yet again to raise over $100mn.
- This extends the Series D round to a total of $570mn.
- $300mn was raised in January and a further $170mn in July.
- The company’s valuation has stayed the same at $3.5bn.
What does this mean?
The investment should bolster N26 and help it retain its value at a time when FinTech is on the rise but there are also many challenges for business. N26 has seen growth since its launch in Germany and Austria in 2015, but while it entered the US last year it chose to leave the UK earlier this year, citing Brexit.