N26 has Transformed into a European Company

European digital bank N26 has officially transitioned from a German Stock Corporation (Aktiengesellschaft, AG) to a European Company (Societas Europaea, SE). This transformation underscores N26’s commitment to refining its corporate governance and aligning its structure with its long-term growth ambitions across Europe. N26 has transformed into a European Company, marking a significant step in its expansion strategy.

N26’s Founder and CEO, Valentin Stalf, emphasized the importance of this move. He stated, “The transition to an SE marks another important step for the further development of N26 following the significant milestone of breaking even last year. Moreover, through the international recognition of an SE, we strengthen trust and sustainably improve access to the capital markets.”

Consequently, by adopting the SE legal form, N26 can operate under a unified regulatory framework across the European Union. This transition enhances operational efficiency and provides the flexibility needed to serve its expanding customer base more effectively in various European markets.

N26 has Transformed into a European Company

In addition, as a fully licensed digital bank in Germany, N26 continues to offer seamless and secure mobile banking services to millions of customers in 24 European countries. The bank processes transactions exceeding 140 billion EUR annually and employs a diverse workforce of 1,500 professionals representing more than 90 nationalities.

N26 is headquartered in Berlin but maintains offices in major European cities, including Vienna, Paris, Milan, and Barcelona. Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, the company has attracted nearly $1.8 billion in funding from prominent global investors.

Furthermore, building on its growth momentum, N26 recently announced a new investment feature allowing customers to trade stocks and ETFs without fees or commissions. Starting January 27, 2025, N26 will become Europe’s only financial service provider to offer stock trading without transaction, currency conversion, custody, or inactivity fees. Therefore, the move aims to make investing more accessible and affordable for its customers. Through its mobile app, N26 enables eligible users to trade fractional shares of over 4,000 US and European stocks and global ETFs with just a few taps. Ultimately, N26 has transformed into a European Company, reinforcing its commitment to innovation and expansion as Europe’s leading digital bank.

For the N26 Bank Review, click here.