Competitor Profile: N26

Competitor Profile: N26


This report provides a comprehensive overview of N26. It looks at the bank’s history from its formation in 2013 through to the present day. The report also considers N26’s performance and looks at its funding. It examines N26’s partners and how the bank is using open banking to imbed their services into its mobile banking app. The analysis compares key aspects of N26 against its competitors and the products and services they provide.

N26 is a digital-only bank that is available in 24 countries. Founded in 2013, the bank offers a mobile banking current account with a prepaid Mastercard card. Currently, it is in partnership with different companies to offer international transfers, cash deposits, insurance, loans, savings, and robo-advisory services. N26 uses co-branding marketing to seamlessly integrate these third-party providers into its app.


  • N26 has received total funding of $513m.
  • N26 uses a distributor open banking model to provide third-party products on its mobile app.
  • N26 offers three different tiered payment cards: N26, N26 Black, and N26 Metal.
Reasons to buy
  • Identify key products that are made available by N26.
  • Compare N26 to other digital-only banks’ offerings.
  • Learn about the different open banking models and where current digital-only banks sit.

Historic Milestones
Performance Highlights
Open Banking Model
Partner Merchants
Technology Focus
Products & Services
Significant Events
Key Employees

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