Allianz X, Tencent Co-Lead Mobile Bank N26 $160 Million Funding Round
20 March 2018 - 7:30PM
Dow Jones News
By Pietro Lombardi
Allianz SE's (ALV.XE) digital investment unit Allianz X has
co-led mobile bank N26's $160 million funding round along with
China's Tencent Holdings Ltd. (0700.HK), it said on Tuesday.
Allianz X has co-led N26's Series C funding round and joins its
board of directors, the company said in a statement.
The funding will support N26's international expansion, in
particular in the U.S. and the U.K., along with its growth strategy
and product development.
N26 has more than 850,000 customers in 17 European countries. It
is targeting more than 5 million customers in 2020, according to
the statement.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
March 20, 2018 04:15 ET (08:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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