N26 Losses Increase

for 2021, up 14.5% year on year. About a one minute read.

Comment: the collapsing Fintech bubble is revealing who had a clear USP and who was just riding the wave of ample liquidity. Which is now being removed from the market, thanks to higher interest rates. Note they did a Series E funding round as well, relatively unusual — many startups IPO long before engaging in another round of shareholder dilution. I haven’t done an Angel Investing deal in almost four years, but if I’d put funds into N26 I’d be somewhat unhappy now.

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