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German FinTech N26 Eyes IPO With Hiring Of New CFO

PYMNTS

Backed by billionaires Peter Thiel and Li Ka-Shing, N26 launched its first products in 2015 and is among Europe’s most valuable non-listed FinTechs. Former Adidas AG executive Diana Styles was recently tapped to fill the role of chief people officer. Dropbox leader Adrienne Gormley will become the chief operating officer.

Retail 101
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Today In Digital-First Banking: German Neobank N26 Eyes IPO With New CFO; Goalsetter Lands $3.9 Million Seed Investment  

PYMNTS

N26, which is backed by Li Ka-Shing and Peter Thiel, rolled out its first offerings in 2015 and is one of the most valuable non-listed FinTechs in Europe. Kemper will join the neobank in the latter half of this year, taking the place of Co-founder Maximilian Tayenthal, who will become Co-CEO with Co-founder Valentin Stalf.

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Chinese Banks Vie For SMBs With New Virtual Bank Applications

PYMNTS

Peter Shiu Ka-fai , a lawmaker for the wholesale and retail sector, said efforts like this could help SMEs save time and money. The economy in Hong Kong has suffered after several recent problems in addition to the pandemic — the trade war between the U.S. percent in the first quarter.

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CCRManager Raises Funding For Corporate Trade Finance Option

PYMNTS

CCRManager is aiming to get around 400 institutions using its programs by its fifth year, according to chairman Kay Chye Tan, whose appointment followed the departure of former CEO Ka Kit Man, who went to work at DBS Bank as vice president of trade asset management last year.

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Banking App N26 Looks To Expand, Limit Product Offerings

PYMNTS

German-based banking app N26, geared toward younger customers and backed by notable billionaires like Peter Thiel and Li Ka-shing, wants to expand beyond Europe while keeping product offerings simple, according to reports. The company said it would prefer to expand and build up customers rather than increase its range of products.

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Siri Sending Money Via N26

PYMNTS

Over this past summer, PYMNTS reported that N26 not only received its official banking license but also was granted $40 million from Asian billionaire Li Ka-shing. You may remember hearing about N26’s initial launch back in 2013.

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N26 Has $2.7B Valuation After Latest Funding Round

PYMNTS

It has raised more than $500 million from investors including Tencent , Allianz X, Peter Thiel’s Valar Ventures, Li Ka-Shing’s Horizons Ventures, Earlybird Venture Capital, Redalpine Ventures and Greyhound Capital. According to N26, the latest round marks the largest private equity financing round for a FinTech in Europe in recent years.

Finance 55