N26 Revenue and Usage Statistics (2021)

David Curry

Updated: November 19, 2021

N26 is one of a several neobanks that launched in the mid-2010s, which were aimed at breaking up the monotony of banking with well zero-fee services and well designed mobile apps.

Founded in Munich as one of the many startups incubated by Rocket Internet, N26 originally operated as the frontend interface which was backed by Wirecard. In 2016, it received a banking license from the financial regulator in Germany.

Since becoming a bank, N26 has added other services, such as a basic current account, savings and insurance.

It launched in the United States in 2019, partnering with Axos Bank to serve as the provider of services and insurer, but in November 2021 it announced plans to withdraw from the country. N26 had around 500,000 customers in the US at the time of announcement.

N26 also withdrew from the UK in 2020, citing an inability to operate in the country due to Brexit. N26 could have applied for a UK banking license, but other European neobanks, such as Revolut, have struggled in the past.

N26 sees its future as the dominant neobank in Europe, competing with Revolut and Monzo for the title. It has seven million customers across 25 countries, with its largest markets being Germany, France and Italy.

We have collected data and statistics on N26. Read on below to find out more.

N26 overview

Launch date February 2013
HQ Berlin, Germany
People Valentin Stalf (co-CEO, co-founder), Maximillian Tayenthal (co-CEO, co-founder)
Business type Private
Industry Mobile banking

N26 revenue

Year Revenue
2018 €49 million
2019 €100 million
2020 €130 million

Note: 2020 value estimated 

Source: Company data

N26 users

Year Users
2016 0.1 million
2017 0.5 million
2018 1 million
2019 3.5 million
2020 5 million
2021 7 million

Source: Company data

N26 valuation

Year Valuation
2019 $2.7 billion
2020 $3.5 billion
2021 $9 billion

Source: Pitchbook

N26 transaction volume

Year Transaction volume
2017 $5.8 billion
2018 $22 billion
2019 $59 billion
2020 $117 billion
2021 $210 billion

Source: Company data

N26 vs competitors: users

Want to learn more? Read our mobile banking sector profile

N26 FAQ

How many countries is N26 active in?

N26 is active in 24 countries, which includes most of Europe

Where is N26 most popular?

France and Germany are the top countries by downloads, followed by Italy (Airnow)

Is N26 available in the UK?

N26 pulled out of the UK after one year, citing Brexit issues (Sifted)

Is N26 available in the US?

N26 also recently shut down operations in the US and said the move aimed to focus more on the core Europe business (CNBC)

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