You’d assume it would be a little bit more durable to get new consumers when your startup is a lender. But N26 is now readily available in 17 unique European international locations and has opened 300,000 lender accounts for its user base. At the moment, a thousand individuals indication up to N26 every single day.
The wide bulk of the user base nevertheless lives in Germany and Austria, but other international locations are catching up swiftly as far more than fifty percent of new signups are outside the house of these two international locations. There are thirty,000 consumers in France and 10,000 consumers in Spain and Eire just a couple of months right after signups resumed.
The corporation has processed €3 billion in transaction quantity in overall, with 60 percent of this quantity in 2016 by yourself. N26 has processed 10 million card transactions in 2016, and at this time processes 1,900 transactions for each hour — that is all around 1 transaction every single two seconds.
These figures are excellent but are really tiny when you review N26 with the greatest retail banking institutions in Europe. Now that N26 has its very own banking license, the corporation can target on advancement.
If N26 can attract tens of hundreds of thousands of prospects throughout Europe, then the startup would be a serious contender. For now, it is a promising commence.