Great momentum, economic model remains a bit unclear but time will tell!
Number26, a Peter Thiel-backed German startup that’s setting out to create the bank account of the future, has announced a major European expansion today, as it launches in six new markets. Founded out of Berlin in early 2013, Number26 offers “mobile-first” bank accounts, which have only been available in Germany and Austria since the product first launched in January this year. But from today, the banking service will be expanded to include France, Spain, Ireland, Greece, Slovakia, and Italy. Number26’s goal is to create a true pan-European bank account, and the company is calling today’s rollout the “first step toward offering a borderless banking experience across Europe.” This also ties in with the broader E.U. shift toward creating a single unified digital market across all 28 constituent countries.