“Everyone at N26 can give feedback openly.”
(Photo: Getty Images, N26 [M] )
Frankfurt Requirements of the financial supervisory authority, criticism from the management and doubts about the valuation: the pressure on the top of the Berlin smartphone bank N26 is great. Co-boss Maximilian Tayenthal admits in the Handelsblatt interview that he and co-boss Valentin Stalf had to work on themselves as managers. “We certainly made mistakes.”
However, Tayenthal is optimistic about the further development of the fintech, which was last valued at nine billion dollars. The loss decreased in 2022 and will be lower again in 2023, the 43-year-old said. In the coming year, N26 will be in the black for the first time.
According to Tayenthal, the shareholder Allianz X, which sounded out a partial sale of its N26 stake in the spring, is not currently pursuing these plans any further. “The company has not sold anything and the stake is not currently in the market,” said the N26 co-boss. Allianz X boss Nazim Cetin told him that just a few days ago. Allianz X did not want to comment on this.
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