Number26, a Berlin, Germany-based provider of a mobile bank account, raised a $10.6m in Series A funding.
Backers included Peter Thiel’s Valar Ventures, with participation from Daniel S. Aegerter and existing investors Earlybird Venture Capital and Redalpine Venture Partners.
The company intends to use the funds to expand the team and continue to develop its product.
Led by Valentin Stalf, CEO, Number26 has created a bank account tailored to the needs of smartphone users. Offered in combination with a MasterCard® and mobile app and online banking interface, the account provides users with statistics to stay in control of, organize and optimize personal finances securely.