N26 raises $160 million from Tencent and Allianz

German startup N26 just raised a $160 million Series C round led by Tencent and Allianz — some of N26’sexisting investors are also participating. The company has attracted 850,000 customers and raised $215 million in total. N26 is building a retail bank from scratch.
The company plans to double down on everything it’s been doing so far. It means more expansions, more partnerships with other fintechproducts, more features and more engineers. Allianzis investing through its Allia