A few months after the withdrawal from their UK business in April 2020, N26 decides to leave the US market from the 11 January 2021 on. This is a rather surprising decision for a company just recently valued about eight billion Euro. Only two years ago, Germany’s most known fintech N26 dared to enter the US finance market, associated by the American bank Axos. Since then, it attracted 500,000 clients whose accounts must now be closed. Chief Growth Officer Alexander Weber argued that N26 wanted to put its focus back on the European Market. Furthermore, he claims that significantly higher investments would have been necessary to be continuously successful in the US. Indeed, the global competition is very extensive. For instance the American neobank Chime, as well as the British equivalent Revolut, which are each worth more than 30 billion Dollars. Brazil is now its only operating market outside the European Union. How the announced long- term goal of 100 million clients worldwide – announced by CEO Valentin Stalf in early 2020 – should be accomplished is questionable. Written by: Lena Marie Weber Sources: Handelsblatt FAZ SZ Der Beitrag N26 leaves the US market erschien zuerst auf akboerse.
Palm Leave Set Set design with dried palm leaves Set design with a variety of dried palm leaves and pampas. The neutral and sandy colour leaves were the backdrop for this safari themed fashion shoot. If you would like to see more on this shoot, check out
zum Artikel gehenBusiness landscapes constantly change, so maintaining Product-Market Fit is crucial to success. The Go-to-Market (GTM) Strategy Audit offers a systematic approach. Explore the significance of regular strategy checks, the contributions of key departments,
zum Artikel gehenGo-to-Market strategies are key elements in business success. They require huge amounts of time and effort to produce, but suffer from two major issues. First they go out of date really fast. Second, they are difficult to update. In most companies, this i
zum Artikel gehender kurzfilm everybody leaves in the end (regie: simon schneckenburger, filmakademie baden-württemberg) mit harry schäfer und leopold von verschuer feiert premiere ihm rahmen des filmfest emden norderney. zu weiteren news von harry schaefer zur vita von h
zum Artikel gehenAuf der Erlebnis-Promenade bei der Seebrücke lädt der „Soul-Market“ Jung und Alt, Singles, Paare und Familien zu einem Besuch in die Geschmackslandschaften des Street-Food-Festes ein. Während auf der Bühne DJs und Star-Köche den Soul lebendig werden lasse
zum Artikel gehen