German fintech N26 hails momentum after easing of customer growth cap

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Financial Times 2d ago

German fintech N26 hails momentum after easing of customer growth cap - Financial Times

Quick Summary:

Amid ongoing speculation about an upcoming initial public offering, Stalf refused to give a concrete timeline, with one person with knowledge of the matter indicating it would not happen for at least another two years.

The supervisor was with the bank “longer than we had hoped for”, a company insider said, while counting it as a success that BaFin did not prolong their mandate.

The growth cap was lifted in mid-2024, while a supervisor appointed by the regulator left the bank at the end of the year.