News

March 5, 2020

Customer blunders and tensions at the top – behind N26’s failed UK expansion

Last month, German digital bank N26 announced it was leaving the UK, blaming Brexit. But an investigation shows the company had faced a regulatory mishap in the weeks prior.


Berlin-based digital bank N26 lit up London the night it launched in the UK in October 2018, with a stunt projecting the company logo onto several landmarks across the capital. 

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London's Carnaby Street the night of N26's launch. The initial plan had been to project the N26 logo onto the Bank of England.
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N26 was licensed as an ‘insurance distributor’ in the FCA register, and the policy was underwritten by Allianz.
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