28 June 2017
Visit cib.db.com

Number 26 gets EUR10m in funding from Peter Thiel's Valar Ventures

16 April 2015  |  7339 views  |  0 golden egg

German smartphone bank Number26 has scooped EUR10 million in funding from Valar Ventures, marking the second European fintech investment by Peter Thiel's fund, which had previously invested in Transferwise.

Number 26 offers a smartphone-only bank account. It claims to have added 8,500 customer in it's first two months of trading with an additional 15,000 on the waiting list. 

In addition to the Valar Ventures Series A investment round, the Swiss entrepreneur Daniel S. Aegerter is also joining this round. Existing investors in Number 26, Earlybird and Redalpine, complete the funding. 

Andrew McCormack, Partner Valar Ventures, says: "We are delighted to support Valentin and Maximilian in changing banking. Number 26 already offers the most modern bank account for smartphones. We see huge potential for companies who are pursuing innovative paths in banking."

The Number 26 bank account features account opeing in eight minutes, individual security settings, convenient financial management tools and push notifications for every transaction.

Valentin Stalf, founder & CEO at Number 26 says: "Winning Valar Ventures’ backing is a huge step for us. Their experience with PayPal, Transferwise and Xero has already set an example for the disruption of the outdated models in financial technology. Valar’s experience and networks will help us build an even greater company.”


Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Europe sets the pace as fintech investment triples in 2014

Europe sets the pace as fintech investment triples in 2014

26 March 2015  |  14065 views  |  0 comments | 33 tweets | 21 linkedin
Number26, a smartphone-only banking service, launches in Germany

Number26, a smartphone-only banking service, launches in Germany

26 January 2015  |  19888 views  |  1 comments | 23 tweets | 32 linkedin
Richard Branson joins $25m TransferWise funding round

Richard Branson joins $25m TransferWise funding round

10 June 2014  |  7696 views  |  0 comments | 3 tweets | 6 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsvisit www.finastra.comvisit www.www.fisglobal.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
11414 views comments | 4 tweets | 5 linkedin
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
8903 views comments | 19 tweets | 34 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8402 views comments | 9 tweets | 6 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
8334 views 0 | 4 tweets | 2 linkedin

Featured job

Six Figure Base + Commission + Stock Options

Find your next job