News

October 11, 2022

N26’s losses widen after compliance spending push

The German challenger bank has continued hiring this year, and ramped up its spending on regulatory compliance and fraud prevention


Amy O'Brien

2 min read

N26 cofounders, Maximilian Tayenthal (left) and Valentin Stalf

N26's net losses rose 14.4% to €172.4m last year, the German neobank reported as it focused on addressing its compliance headaches. 

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Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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