GIC Participates in Another N26 Capital Raise
Posted on 07/18/2019
N26 is a Germany-based mobile retail bank startup. N26 raised another US$ 170 million from existing investors, giving the bank a valuation of US$ 3.5 billion. Participants in the funding round include Tencent Holdings Limited, GIC Private Limited, Peter Thiel’s Valar Ventures, and Allianz X. N26 still hasn’t reached profitability, but is aggressively trying to get more marketshare. Previously, N26 closed on a US$ 300 million Series D financing round.
Allianz X is the digital investment arm of Allianz SE.
