KEY POINTS
  • Tencent-backed German fintech firm N26 has raised $300 million in a funding round — valuing the mobile bank at $2.7 billion.
  • The funding exercise was led by Insight Venture Partners and backed by GIC, Singapore's sovereign fund.
  • N26 will use the investment to fund its global expansion, with a U.S. launch due early this year.
N26 CEO Valentin Stalf speaks on stage during TechCrunch Disrupt Berlin 2018 on November 30, 2018.

There's a new European unicorn in town.

German fintech firm N26 said Thursday it has raised $300 million from investors in a round of funding — valuing the online lender at $2.7 billion.