Berlin-based mobile bank N26 expands into 9 European markets

AP News
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Posted: Dec 06, 2016 9:09 AM

BERLIN (AP) — Berlin-based banking startup N26 is expanding into nine further European countries.

The company, previously known as Number26, now offers accounts in 17 countries across Europe.

N26 said Tuesday it is rolling out its service in Belgium, Estonia, Finland, Latvia, Lithuania, Luxembourg, Netherlands, Portugal and Slovenia.

Like Atom Bank in Britain or GoBank in the United States, N26 eschews bricks and mortar branches in favor of smartphone-based services.

The bank is already active in Germany, Austria, France, Spain, Italy, Greece, Ireland and Slovakia. Sign-ups in France are currently limited but will likely be opened fully again by February.

N26 acquired a banking license in July and claims 200,000 customers in eight markets so far. The bank says it aims to "serve all Europeans within the next few years."