Thiel-backed challenger bank N26 is set to be valued at $8 billion with a new $800 million mega-round led by hedge fund Coatue
Digital bank N26 is set to close an $800 million funding round at an $8 billion valuation.N26 is headquartered in Germany, and competes with Revolut, the UK's Monzo, and Starling Bank.
The German challenger bank, founded in 2013, is set to more than double its previous $3.7 billion valuation with a new deal led by Coatue, Third Point Capital, and Dragoneer which gives the startup a $8 billion valuation.
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