News

May 28, 2024

N26 growth limits lifted by German financial regulator

In 2021, the German neobank was restricted to onboarding 50k new customers each month

German financial regulator BaFin is lifting the growth restriction it placed on neobank N26 over concerns around money laundering and financial crime — leaving it free to onboard an unlimited number of new customers from June onwards.

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Miriam Partington

Miriam Partington was a senior reporter at Sifted, based in Berlin. She covered the DACH region and the future of work, and wrote Startup Life , a weekly newsletter on what it takes to build a startup.

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