License after Brexit useless: Banking Startup N26 leaves the UK

the Berlin-based company said Tuesday in a press release. N26 is the basis of the step in order that with the exit of the British, the start-up there with its E

License after Brexit useless: Banking Startup N26 leaves the UK

the Berlin-based company said Tuesday in a press release. N26 is the basis of the step in order that with the exit of the British, the start-up there with its European licensing business can make.

"We respect the political decision-making completely. However, it has the consequence that N26 can no longer support the customers in the UK in the future and, therefore, the market will leave,“ said Chief Banking Officer Thomas Big step.

N26-customers have the money until mid-April,

remove The British customers now have up to 15. April time to transfer your money to other accounts. Up to this date, the accounts are to be closed at N26, the company said. The employees of Startups in the UK are, however, other sites continue to work.

N26, founded only in 2013, have recently exceeded after an Expansion into seven more countries, the brand of five million customers in the EU's name. Now the Startup wants to expand into the U.S. market, and the customers lifting up to 50 million, such as "mirror" wrote on Tuesday.

profit the company makes but still, in spite of much better shops. The revenues of the Bank in 2018 rose to 43.6 million Euro, a fourfold increase compared to the previous year.

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Date Of Update: 11 February 2020, 17:00
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