Breaking News
N26 to cease operations in Brazil
European digital bank N26 announced today the decision to discontinue its test phase in Brazil and wind down its operations in the market.
The decision underscores N26’s strategy to focus on its core European markets as it further strengthens its position as Europe’s leading digital bank.
Early versions of the Brazilian N26 product were tested with select customers in Brazil via a waiting list from November 2021 onwards, but were never launched to the general public. Following this, N26 will close all accounts in Brazil within the next two months.
Brazil-based employees will have the opportunity to apply for open positions in N26’s European offices to support N26’s European business in the future.
N26 AG is Europe’s leading digital bank with a full German banking licence. Built on the latest technology, N26’s mobile banking experience makes managing money easier, more secure and customer friendly. To date, it has welcomed more than 8 million customers in 24 markets, and processes over 100bn EUR in transactions a year. N26 is headquartered in Berlin with offices in multiple cities across Europe, including Vienna and Barcelona, and a 1,500-strong team of more than 80 nationalities. Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has raised close to US$ 1.8 billion from some of the world’s most renowned investors.
Companies In This Post
- Gold IRA “Account Executive” Salesman Tactics Leaked Read more
- NatWest Accelerator Announces New Commitments to Build an Inclusive Entrepreneurial Economy Read more
- Revolut Locks in Paris Headquarters for Western Europe Read more
- Mastercard and Krungthai Card Complete First Live Agentic Transaction in Thailand Read more
- Finastra and Marketnode Transform Credit Agreement Onboarding Through AI Read more
NatWest Accelerator Announces New Commitments to Build an Inclusive Entrepreneurial Economy
The NatWest Accelerator Female Founders Community and new strategic partners will help unlock growth for diverse founders across the UK
Revolut Locks in Paris Headquarters for Western Europe
Revolut today announced it has signed a ten-year lease for its Western Europe headquarters at the crossroads of the Bourse district, the historic heart of French finance
Finastra and Marketnode Transform Credit Agreement Onboarding Through AI
Finastra announced a strategic partnership with Marketnode to digitize and automate the credit agreement onboarding process for corporate lenders
Finova Broker Payments Partners with Mortgage Broker Tools to Deliver Enhanced Research Capabilities for Brokers
Finova Broker Payments, Finova’s mortgage club designed to support brokers with competitive procuration fees and value-added services, has today announced a new partnership with Mortgage Broker Tools (MBT), the leading affordability and criteria research platform for residential and buy-to-let mortgages.
Feynman Point Asset Management Selects Arcesium to Deliver Reconciliation Across Digital and Traditional Assets
Arcesium, a global financial technology company delivering front-to-back office solutions to institutional investment firms, today announces its partnership with Feynman Point Asset Management (FPAM) to enable unified multi-asset infrastructure across digital and traditional assets. With Arcesium's reconciliation solutions, FPAM is positioned to support enhanced settlement cycles allowing it to efficiently scale operations as the business grows.
ClarityPay Adds Fintech Veteran Lynne Laube to Board of Directors as It Scales Growth
ClarityPay, a provider of tailored point-of-sale credit solutions, today announced that Lynne Laube, founder and former CEO of Cardlytics and current Venture Partner at TTV Capital, has joined its Board of Directors.
Cathay FHC Advances AI Adoption Across the Group With OpenAI
Cathay FHC announced a long-term strategic collaboration with OpenAI to strengthen the Group's core capabilities in AI research, deployment, and governance
Gold IRA “Account Executive” Salesman Tactics Leaked
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
NatWest Accelerator Announces New Commitments to Build an Inclusive Entrepreneurial Economy
The NatWest Accelerator Female Founders Community and new strategic partners will help unlock growth for diverse founders across the UK
Revolut Locks in Paris Headquarters for Western Europe
Revolut today announced it has signed a ten-year lease for its Western Europe headquarters at the crossroads of the Bourse district, the historic heart of French finance
Mastercard and Krungthai Card Complete First Live Agentic Transaction in Thailand
Mastercard announced the completion of a pilot that delivered its first authenticated agentic transaction in Thailand with KTC
Finastra and Marketnode Transform Credit Agreement Onboarding Through AI
Finastra announced a strategic partnership with Marketnode to digitize and automate the credit agreement onboarding process for corporate lenders
Profile Software Strengthens Its UK Investment Management Offering With the Acquisition of Contemi Solutions
Profile announces the integration of Contemi’s clients, products, technology and teams into Profile’s investment management business
Bestow Expands Leadership Team, Appoints Meagan Ward as Chief Marketing Officer
Bestow announced the appointment of Meagan Ward as Chief Marketing Officer as this key executive hire strengthens Bestow's senior leadership team