The German insurer has grounds to sell. N26 has enough cash to finance its operations until the end of 2024, when it is expected to reach profitability.
But it has faced several scandals related toand corporate governance in the past years, and domestic regulator BaFin has imposed a cap on how fast its users can grow. The fight between banks for consumer deposits will force N26 to offer better interest rates for its customers, limiting its profit margin going foward. Other investors are exiting: Jupiter Fund Management
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