Monday, December 23, 2024
-9.3 C
New York

German Based Mobile Banking Initiative ”Number26” is Expanding

Founded in 2013 in Germany, One of the Europe’s first mobile banking focused initiative Number26 announced six new European Union countries to start operations.

number26-banking

Earlier this year, the Berlin-based initiative was only available in Germany and Austria.Now, it is expected to start in France, Spain, Ireland, Greece, Slovakia and Italy.Number26 will try to develop a non-border banking model.In April of this year, Number26 had received $ 10.6 million investment from one of the PayPal co-founder Peter Thiel’s Valar Ventures.Mobile banking initiative Number26 aims to spread to international markets with new investments and new countries.
Number26 currently has 75 employees and the number of customers has reached to 80 thousand since it began to provide banking services.Number26 aims to reach 100 thousand customers with new countries in January.According to Co-Founder and CEO Valentin Stalf, today traditional banks has difficulty in understanding and adapt to the digital generation.Thus, another major objective of the Number26 will be the bank of digital generation.

Hot this week

Brooklyn Defendants Charged in Rideshare Hacking Scheme: Jailbroken Phones Used to Exploit Uber

Brooklyn federal court has charged two defendants, Eliahou Paldiel...

Detecting Defects in Next-Generation Computer Chips: The Future of TMD-Based Semiconductors

As technology advances, the demand for smaller, more powerful...

Merging Galaxies in the Early Universe: The Birth of a Monster Galaxy

Astronomers have recently observed a fascinating event in the...

Topics

Brooklyn Defendants Charged in Rideshare Hacking Scheme: Jailbroken Phones Used to Exploit Uber

Brooklyn federal court has charged two defendants, Eliahou Paldiel...

Detecting Defects in Next-Generation Computer Chips: The Future of TMD-Based Semiconductors

As technology advances, the demand for smaller, more powerful...

Merging Galaxies in the Early Universe: The Birth of a Monster Galaxy

Astronomers have recently observed a fascinating event in the...

NASA’s Roman Space Telescope to Uncover Galactic Fossils and Dark Matter Mysteries

NASA’s Roman Space Telescope is set to transform our...

Black Myth: Wukong – A Game that Gamers Love Despite Media Backlash

In a gaming industry increasingly influenced by social agendas,...

Gravitational Waves Reveal a ‘Supercool’ Secret About the Big Bang

In 2023, physicists made a groundbreaking discovery that could...

Related Articles

Popular Categories

Send this to a friend