The German challenger bank N26 launched in the US in August, but already has 250,000 customers in the country.
Nicolas Kopp, US CEO of N26, attributes the quick customer intake to the digital bank competitive offering which includes giving customers the ability to open an account within five minutes and transferring money via MoneyBeam.
“American consumers are too reliant on traditional banks and face roadblocks to their financial health that have no place in the 21st century,Kopp said. ?N26 was founded to radically transform the industry and break down these barriers through the power of technology. We’re incredibly proud to have reached a quarter-million US customers in our first five months and we are just getting started. We have big plans to offer millions of future N26 users a feature-rich, easy-to-use banking experience.”
The news comes hot on the heels of N26 revealing the other week that it now boasts having five million customers and growing.
“Five million customers is a great achievement, but it’s not just growth that we are after,said Valentin Stalf, co-founder and CEO of N26. ?We are today, one of the biggest players in digital banking. But we have not forgotten our original mission to challenge an industry that is ripe for change. N26 has proved that banking can be simple and intuitive through the use of technology.p>
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