N26 shuts down U.S. operations

N26 issued U.S. market exit on November 27, 2021.

Primary

N26

Structure

U.S. market exit

Date

November 27, 2021

Sub-sector

Neobank

German neobank N26 exits U.S. market to focus on European operations and Eastern European expansion, closing 500,000 U.S. customer accounts by January 11, 2022.

Primary company

N26

Counterparty

Not disclosed

Amount

Not disclosed

Event date

November 27, 2021

Sub-sector

Neobank

HQ

Not disclosed

Structure

U.S. market exit

Source published

November 27, 2021

Publisher

TechCrunch

Source: techcrunch.com