Germany-based digital bank N26, which affords a cell banking platform, is celebrating its one 12 months anniversary within the US with virtually 500,000 prospects.
As talked about in a launch shared with Crowdfund Insider:
“Since announcing its public US launch in partnership with Axos Bank in August 2019, N26 has released a wide range of localized products and services specifically for its US customer base in an effort to provide an experience that is designed to fit modern lifestyles in today’s complex, challenging and digital-first world.”
Alexander Weber, Chief Progress Officer at N26 stated that the digital bank goals to empower individuals to “live and bank their way” and, throughout its first 12 months of operations within the US, the Fintech has managed to enroll half one million prospects and has helped them turn out to be extra “financially confident.”
Weber added that the pliability and safety that digital banking gives is required now greater than ever earlier than, because the US and different international locations battle to deal with COVID-19. In line with Weber, the pandemic has basically modified how shoppers save their cash and conduct transactions.
He additional famous:
“Over the past 12 months, we have learned a lot about our US customer base and continue to listen to their feedback to create features and services that meet their needs. We’re excited to introduce additional tailored product features in the coming year and welcome new users to join us in experiencing a beautifully simple banking platform.”
As famous within the launch, N26 goals to enhance the banking expertise for the 21st century with product options that permit shoppers to obtain their paycheck as much as 2 days earlier through direct deposit (sure circumstances may apply), cashback affords on their subscriptions, and numerous associate reductions on schooling, leisure, and vogue.
N26 US prospects reportedly come from all around the nation, with most of them based mostly in New York, Chicago, Houston, Miami and Atlanta. The typical age of the N26 US buyer is 36. About 35% of consumers are of their 20s, round 34% are of their 30s, and about 19% of their 40s.
Almost 75% of US residents selected a adverse phrase when speaking about their funds, based on a survey of 10,000 adults dwelling in Europe and the US. The survey had been commissioned by N26. The bank stated it goals to assist individuals with their funds and has spent the previous 12 months engaged on numerous options, after acquiring buyer suggestions.
Among the options launched by N26 embrace contactless funds with assist for Apple Pay and Google Pay. The bank additionally affords simpler account funding, the flexibility to create and handle sub-accounts in order that prospects might be extra organized, and an ATM locator.
Final month, N26 introduced a brand new partnership with Adidas. The bank can be working with TransferWise as a way to assist shoppers in Brazil, Mexico, Singapore, and the Philippines with quick, low-cost cross-border funds.