Digital-only bank N26 has opened up its platform to US customers and is sending out invites to download the App and receive an N26 card now.
N26, based in Germany, is one of a group of European digital banks crossing the Atlantic to provide services in the US.
N26 has raised $670 million, gaining a $3.5 billion valuation, as it builds out its banking services across Europe. Founded in 2013 and launched in early 2015, N26 currently has more than 3.5 million customers in 25 markets across Europe holding over €1 billion in accounts and generating over €2 billion in monthly transaction volume.
As the US regulatory environment for becoming a bank is rather convoluted, N26 has partnered with Axos Bank to provide their services.
N26 claims to be “the first bank you will ever love.”
Crowdfund Insider will keep you posted.