Deals
N26 Eyes Value of About $10 Billion in Fresh Fundraising
- German digital bank in discussions with investors, people say
- Fundraising surge for Europe fintechs such as Revolut and Wise
Source: Westend61/Getty Images
This article is for subscribers only.
N26 GmbH is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech at about $10 billion, according to people familiar with the matter.
The firm, backed by billionaires Peter Thiel and Li Ka-Shing, is working with advisers to seek fresh money at a far higher valuation than previous funding rounds. This could be the final time it raises cash before an initial public offering, said the people, who asked not to be named as the information isn’t public.