N26 Weighs 2021 Fundraising Above $3.5 Billion Value

N26 GmbH is considering a fresh fundraising round next year, people familiar with the matter said, as the German mobile bank eyes a valuation above $3.5 billion.

The Berlin-based startup has been in contact with potential advisers for the fundraising, though discussions are at an early stage and no final decisions have been made, the people said, asking not to be identified because the deliberations are private. The funding round could be the company’s final one before it considers an initial public offering as early as 2022, one of the people said.