Thiel-backed fintech N26 take on US


BERLIN: N26 GmbH, the German banking app that’s backed by billionaires Peter Thiel and Li Ka-shing, has raised new funds at a valuation of US$2.7bil, making the company one of Europe’s most valuable non-listed fintech startups.

N26 received US$300mil from Insight Venture Partners, Singapore’s sovereign wealth fund GIC and several existing investors, the Berlin-based company said.

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