Berlin-based challenger bank N26 raises $300 million at a $2.7 billion valuation

German fintech startup N26 has raised a Series D funding round of $300 million led by Insight Venture Partners, with participation from Singapore’s sovereign wealth fund GIC and existing investors, including Earlybird VC. This round brings the total amount of funding attracted by the company to over $500 million.

N26 plans to use the funding to fuel its geographic expansion with the US launch scheduled for 2019.

Launched in 2015, N26 markets itself as “first global mobile bank,” offering its services in 24 markets in Europe. The company claims to have more than 2.3 million customers who currently hold over €1 billion in their accounts.

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