N26 has raised another $100 million which is an extension of their Series D round announced last year; the round now totals $570 million bringing their total amount raised to date to $770 million; while the company’s value is unchanged after the round at $3.5 billion, co-founder and CEO Valentin Stalf still called it a successful round given the current economic environment; in a comment to CNBC, Stalf said, “It makes us still one of the most highly-valued companies around Europe…It’s not only about where we are today at $3.5 billion, but where are we going to be in five to 10 years.” He also shared that the round highlighted a trend as everyone banks from home as opposed to at branches; N26 has over 5 million users and was in discussions for the raise prior to the coronavirus crisis. CNBC
