It's also planning to expand into Eastern Europe amid growing demand in the region. "They want to double down on their strongest markets in Europe which, if you ask me from a personal perspective, is a smart move."Īs well as refocusing its attention on Europe, N26 said it will also ramp up spending on new features like investment products in the coming year. "I think we are seeing a ton of opportunity for growth in Europe in online banking," Krik Gunning, CEO and co-founder of Fourthline, a start-up that helps firms like N26 and fellow German fintech Trade Republic tackle fraud, told CNBC. On the flip side, American online brokerage Robinhood tried and failed to launch internationally, scrapping plans to roll out a U.K.
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