International legal practice Osborne Clarke has again advised N26 GmbH on a Series D financing round. Expanded by USD 170 million, the sum now amounts to USD 470 million. This is the largest financing round ever in Germany and Europe. With a company valuation of USD 3.5 billion, N26 is now one of the most valuable start-ups in Germany and one of the top 10 most valued FinTech companies worldwide.
N26 currently operates in 24 markets across Europe and has tripled its customer base to more than 2.3 million customers in the last 12 months. This makes N26 one of the fastest growing banks in Europe. Its investment continues to support N26’s global expansion, with entry into the Brazilian market on the agenda for 2020. Investments will also continue in the steadily growing locations of Berlin, New York, Barcelona and Vienna.
An Osborne Clarke team led by Corporate Partner Nicolas Gabrysch advised N26 comprehensively on the financing round. The team also included Till-Manuel Saur and Philipp Niedermeyer.
As usual, Dr. Robert Kilian managed the financing round in-house.
Osborne Clarke regularly advises N26 on transactions, most recently in a Series C financing round of USD 160 million and the first Series D financing round of USD 300 million.