Berlin-based neobank N26 now has 500,000 customers spread across the globe, representing a 67% growth from the 300,000 customers it reported back in March 2017.
The neobank has been busy in those five months, reporting growth in card transaction volume as well as in customers; the bank has now processed €5 billion in transactions, according to company statements. This is thanks, in part, to the partnerships N26 has cultivated with other fintechs, including U.K.-based money transfer service TransferWise. The N26 card is powered by Mastercard.
In addition to this growth, the neobank will also be continuing the rollout of its new products for its half a million customers, including its new dashboard for insurance and the release of Apple Pay in France, Spain, and Italy later in the year.
The company’s focus on innovation seems to be working out. N26 is adding new customers at a rate of 1,500 people per day, according to the mobile bank, and not all of those customers are tech-savvy young millennials. About 40% of the bank’s 500,000 customers are older than 35.
Read more here: N26 and TechCrunch.