
Startup N26 plans to launch its mobile banking service in Brazil soon, the company announced at MWC. N26 is already available in 24 European countries and also close to launching in the US, reports Techcrunch. Brazil is expected to start after the US.
N26 said that it has 2.5 million customers and over EUR 1 billion in N26 accounts.
Eduardo Prota will be the General Manager for Brazil, where the company will compete with Nubank.