the begging bowl is out

at N26, who reportedly is looking for additional funding? Its not clear, but we do know they received some $100M in May, taking the business’ valuation to $3.5B. N26 has about five million customers globally, and seems to be focusing future expansion on The United States. About a one-minute read.

Comment: like many other Fintechs, N26 is losing money, but hopes to be profitable within the next year. Good luck guys, but its not clear how many Neo Banks are needed.