News

November 19, 2024

N26 reports first profitable quarter after customer limit lifted

The digital bank forecasts a 40% increase in gross revenue in 2024 — but didn’t disclose expected losses

German neobank N26 reported its first ever profitable quarter in Q3 after regulators lifted a limit on customer numbers imposed on the company in 2021 for failing to apply effective money-laundering controls.

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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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