The German financial services supervisor, BaFin, requires the German Fintech star to limit the acquisition of new clients to 50,000 per month.

The German challenger N26 was ordered to pay a fine of 4.25 million euros by the German financial regulator BaFin.

N26 will need a new head of Germany as Georg Hauer, General Manager DACH & Northern Europe, is leaving the online bank at the end of October.

The Berlin-based digital bank N26 is one of the most important challenger banks in the EU but has constant problems fighting money laundering.

N26 announced that it has convinced 2 million French customers to use its services after 4,5 years since entering the market.

Cross-border savings and investments marketplace Raisin and the german digital bank N26 combine their strenghts to deliver top interest rates.

Tomorrow is a social business FinTech company and a neobank, that was started in 2018 by founders Inas Nureldin, Jakob Berndt, and Michael Schweikart with a vision to use money as a lever for positive change. Since its launch in 2018, the company has 50+ employees and 55,000+ customers.

Berlin-based challenger bank N26 has just surpassed the amount of 7m customers across Europe and the US.

Wirecard is a German payments company and its shares have fallen by more than 60% after the firm said its auditors from Ernst & Young had raised questions over cash balances worth €1.9bn last week.

The German key player Commerzbank announced that it would not sell its Polish subsidiary mBank after all, citing poor market conditions.

N26 extended its Series D funding round to $570M, the company is now valued at $3.5B.

Penta is a digital platform for business banking and it raised €18.5 million in the first closing of a new funding round backed by new and current investors.