FinTech companies are expected to benefit over the long term from customers’ shift to online banking due to COVID-19. N26’s native Germany is among countries whose citizens were considered especially wedded to cash prior to the pandemic. N26 is among the financial institutions that have benefited from flexibility in meeting customer expectations that is only possible because they are what the industry refers to as “digitally mature” institutions.
N26 “has been in contact with potential advisers for the fundraising, though discussions are at an early stage and no final decisions have been made, the people said, asking not to be identified because the deliberations are private," Bloomberg's article states. "A spokeswoman for the company said there “are not yet any concrete plans for another funding round at this present moment.”