N26 co-founders, Maximilian Tayenthal (CFO) and Valentin Stalf (CEO). (Image: N26)
N26 notes in a blog post announcing the new funding that it plans to use the money to "[make] N26 even more flexible and transparent for our customers all across Europe," adding that customers can expect to see "further development of our product offerings, banking features and new technology that will make your banking experience even smoother, smarter and more intuitive than before" in 2019. Additionally, N26 is prepping a US launch in the coming months, which would make it the first European digital bank to launch 'across the pond.' To this end, the company opened an office in New York in 2017, its first international location: It has since also opened an office in Barcelona.
Valentin Stalf, CEO and co-founder of N26, said: "Around the world, millions of people still suffer from bad banking experiences and high fees. With Insight Venture Partners and GIC joining our renowned group of existing investors, N26 has the support of the best investors globally to disrupt one of the largest industries in the world."