Austria customers No. 26 Maybe from today ETFs, i.e. exchange-traded funds, in the bank's smartphone app. The offer will be rolled out gradually. It should also be available in Germany in the next few months. Then it should be over Involved And Savings plans It will be expanded, according to a statement issued by the fintech on Wednesday.
Securities can be traded for €1 and a transaction fee is charged 90 cents Mentioned for each transaction.
N26 is thus expanding its investment offerings. A German Fintech company acts as a partner Lifts, which also offers a similar feature to competitor Revolut. We have been able to buy and sell around 100 cryptocurrencies in the N26 app since the fall of 2022. Vienna-based cryptocurrency platform Bitpanda acts as a partner.
➤ Read more: N26 smartphone bank starts cryptocurrency business in Austria
In addition, Neo-Bank also offers checking accounts and daily cash accounts. The entire presentation is now clearly summarized in the app, according to an N26 release.
Losses decreased
For fiscal year 2023, the smartphone bank expects a loss of 100 million euros. Compared to the previous year (€213 million), the offering was halved. At that time, N26 had to invest a lot of money in infrastructure and fighting financial crimes.
➤ Read more: Medal for Cryptocurrency: What Bitcoin Money Approval Means
In the past there has been around 70 Employees were laid off. It expects to be profitable on a monthly basis in 2024. N26 operates in 24 countries, and claims to have 4 million customers and a transaction volume of over 100 billion euros on me. The company has been in short supply since 2013 $1.8 billion Collected from investors.
