German Startup N26 to Offer Loans of Up to $56,000 via Smartphone

  • Fraud prevention function planned for next year, CEO says
  • Fintech company seeking more partners for new products

Berlin-based smartphone finance startup N26 plans to offer consumers speedy loans of as much as 50,000 euros ($56,000) by the fourth quarter after recently securing a European banking license, its chief executive officer said.

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