Wednesday, July 17, 2024

N26 Losses Increase

By DAC000 , in fintech bubble neobank , at October 11, 2022 Tags: ,

for 2021, up 14.5% year on year. About a one minute read.

Comment: the collapsing Fintech bubble is revealing who had a clear USP and who was just riding the wave of ample liquidity. Which is now being removed from the market, thanks to higher interest rates. Note they did a Series E funding round as well, relatively unusual — many startups IPO long before engaging in another round of shareholder dilution. I haven’t done an Angel Investing deal in almost four years, but if I’d put funds into N26 I’d be somewhat unhappy now.