N26 has raised more than $900 million in a series E round that values the German challenger bank at more than $9 billion, the company said Monday.
The funding round was led by Third Point Ventures and Coatue Management. N26 said it now has more than 7 million customers in 25 countries. The company said it expects to record more than $90 billion in transaction volume in 2021.
The investment underscores the growth of the digital banking industry, where N26 competes with startups like Chime and Current.