N26 sets aim on 100 more engineers by 2019
German challenger bank N26 aims to have over 100 engineers by the end of 2019.
The bank will open its second European office in Barcelona on 1 September, as it believes it will enable the bank to tap into a larger talent pool.
The announcement was made during MoneyConf in Dublin, where the bank championed Barcelona as a tech innovation hub and says the move was motivated by this staff goal. In total, N26 currently has more than 430 employees.
The new office in Barcelona will primarily be focused on product development and technology, but it will also give the bank’s employees more flexibility in regards to their location.
Valentin Stalf, CEO of N26, says it wanted to “reach more talent and offer more international opportunities for a highly diverse workforce”.
N26 established a team dedicated to the Spanish market in January this year, as it became one of the bank’s core markets.
In March, N26 closed a $160 million Series C funding round, and just last week, N26 surpassed the milestone of processing €1 billion in monthly transactions with over one million customers.