HomeFundingPeter Thiel invests in Berlin-based Number26, the bank account of the future

Peter Thiel invests in Berlin-based Number26, the bank account of the future

Fintech startups are hot right now, and it’s good to see that some great innovative projects disrupting the finance industry are getting funded. The Berlin-based fintech startup NUMBER26, which offers “the bank account of the future” has just completed series A with 10 mln EUR funding.

The US investor Peter Thiel’s venture capital fund, Valar Ventures is leading this round. Peter led his startup TRADEX to one of the largest software exits of all time, at $5.6 billion. Valar Ventures is now expanding its portfolio with only its second fintech investment in Europe; after having invested in the London-based Transferwise, the venture capital firm is further emphasizing their dedication to the disruption of the traditional financial industry. The Swiss entrepreneur Daniel S. Aegerter is also joining the round, alongside existing investors Earlybird and Redalpine.

The fresh funding will enable NUMBER26 to grow and expand. NUMBER26 currently offers Europe’s most modern bank account, with features such as opening an account within only 8 minutes, individual security settings, convenient financial management tools and push notifications for every transaction. NUMBER26 was launched at the end of January this year in Germany and Austria and already has more than 8,500 banking clients with more than 15,000 on the waiting list.

“Winning Valar Ventures’ backing is a huge step for us. Their experience with PayPal, Transferwise and Xero has already set an example for the disruption of the outdated models in financial technology. Valar’s experience and networks will help us build an even greater company”, said Valentin Stalf, Co-Founder and CEO of NUMBER26.

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Pavel Curda
Pavel Curdahttps://cz.linkedin.com/in/pavelcurda
Pavel Curda is an entrepreneur, marketer, storyteller and writer. With experience from various multinational companies, he now helps connect startups and corporates @pavelcurda www.investably.co https://www.linkedin.com/in/pavelcurda/


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