The Berlin-based, app-only bank revealed in an interview that it has passed 160 thousand customers, with 80% of its customer growth coming organically.
With operations across multiple European markets including Germany, France, Greece, Ireland, Italy, Slovakia and Spain, Number26 faces strong competition from other 'online only' banks such as Fidor.
One of Germany's hottest fintech startups is building a 'borderless bank' in Europe App-only bank Mondo raised £1 million on Crowdcube in just 96 seconds App-only bank Atom is now worth £150 million — and it hasn't even launched yet Number26, the Berlin-based app-only bank, signed up 60,000 new customers in the first quarter of 2016, taking its total to 160,000. CEO and founder Valentin Stalf shared the figures with BI at the Money2020 Europe conference in Copenhagen this week. It means Number26 has effectively doubled since launching across France, Greece, Ireland, Italy, Slovakia, and Spain in early December. Back then, the bank had 80,000 customers. The startup, which aims to create a "borderless bank" in Europe, only opened to the public last January.
http://uk.businessinsider.com/interview-number26-valentin-stalf-2016-04?r=US&IR=T
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