You’d imagine it would be a little bit harder to get new end users when your startup is a lender. But N26 is now offered in seventeen various European countries and has opened 300,000 lender accounts for its user foundation. At present, a thousand men and women indicator up to N26 each working day.
The broad the greater part of the user foundation even now life in Germany and Austria, but other countries are catching up promptly as additional than fifty percent of new signups are outdoors of people two countries. There are 30,000 end users in France and 10,000 end users in Spain and Ireland just a few months right after signups resumed.
The firm has processed €3 billion in transaction volume in overall, with 60 % of this volume in 2016 by itself. N26 has processed 10 million card transactions in 2016, and currently processes 1,900 transactions for every hour — that’s all over just one transaction each two seconds.
These figures are terrific but are really tiny when you evaluate N26 with the most important retail banking companies in Europe. Now that N26 has its very own banking license, the firm can target on advancement.
If N26 can bring in tens of tens of millions of customers across Europe, then the startup would be a significant contender. For now, it is a promising get started.