NUMBER26 Berlin FinTech startup expands first true digital bank account to France, Greece, Ireland, Italy, Slovakia, and Spain
Number26, the FinTech startup revolutionizing personal finance in Europe, announced today it will expand to six new countries. Starting immediately, Number26 will be available in France, Greece, Ireland, Italy, Slovakia, and Spain. This is the first step toward offering a borderless banking experience across Europe.
The Berlin based FinTech company Number26 offers the only mobile first bank account available across Europe: A current account for the digital age made for the smartphone. The account is linked with a MasterCard that can be used worldwide to make purchases or receive cash at ATMs without incurring fees. Easier still is signing up for an account, which takes place online via video chat in just eight minutes, or sending money to friends via text message or email with just a few clicks. After every transaction the user receives an instant push notification to stay in full control of their money. Number26 technology is also smart and helps users to keep an eye on their personal finance. All funds are protected under the German Deposit Protection Fund.
„Our vision from the start has been to build Europe‘s first bank account for the smartphone,“ said CEO and founder Valentin Stalf. „We see traditional banks as having failed to adapt to the demands of the digital generation. The response to Number26 has been fantastic and we‘re thrilled to expand to further markets.“ The expansion brings the total number of countries where Number26 is active to eight, following its initial launch in Germany and Austria earlier this year. „The markets we chose to enter now are perfect examples of a bad user experience and overpriced retail banking products. It’s here where we start to build the first true pan European bank,“ said CFO and founder Maximilian Tayenthal. „The problems affecting banks in Europe, such as bureaucracy, outdated technology and inefficient structures, are well present in those markets. Thus the timing couldn‘t be better for a digital solution to banking.“
In just under a year, Number26 has become one of the most successful Berlin startups with more than 80,000 clients in Germany and Austria. This April, prominent PayPal founder Peter Thiel invested with his Valar Ventures.
Besides creating a European bank without borders, Number26 is working relentlessly to simplify everyone’s financial life.