German fintech N26 valued at more than $9 billion after fundraising

FILE PHOTO: A N26 logo is seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration

FRANKFURT (Reuters) - The German online bank N26 said on Monday that it had completed a $900 million fundraising round that valued the company at more than $9 billion.

It is good news for the bank, which in recent months has come under fire for breaches related to money laundering controls and prevention.