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Germany's $9 billion digital bank N26 to withdraw from the U.S.
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cnbc.comGerman digital bank N26 is shutting down its U.S. operations, less than two-and-a-half years after it launched in the country.
N26's 500,000 American customers will no longer be able to use its app from Jan. 11, 2022, the company said in a statement Thursday.
The Berlin-based fintech, which wasvalued at $9 billion in a recent funding round, said it wanted to shift focus to its core European business.
«U.S. customers will be able to use their accounts as usual until January 11, 2022, and will receive further instructions on how to withdraw their funds to ensure a smooth transition,» the bank said.
It's not the first time N26 has pulled its services from a major English-speaking market. The firm withdrew from the U.K. early last year, blaming
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