Valentin Stalf, N26’s chief executive and co-founder, said its fast growth reflected the poor experience of customers using established banks ERIC PIERMONT/GettyA digital bank has become one of the most valuable financial technology companies in the world with a price tag of $2.7 billion placed on it after a $300 million fundraising. The injection of fresh funds into N26, a German start-up, tops the $250 million achieved by its rival Revolut in April last year that valued the London-based app at $1.7 billion. It also beats the $150 million raised by Brazil’s Nubank in March and its further $180 million cash injection from China’s Tencent in October. N26 is second only to Nubank in terms of valuation of global banking start-ups, with the Brazilian bank worth $4 billion after the Tencent investment. There have been bigger fundraisings around the world, with the record held by Ant…

Source: The Times January 11, 2019 00:01 UTC