N26 launches its investment

N26 launches

After a few days the announcement of a banking license, N26 that is called as Number26 is giving a partnership with German fintech startup vaamo to include a new facility to its banking offer with its first investment product for German customers. Vaamo controls different portfolios of risky and non-risky assets a thankful greet to robo-advisors. So that you no need to micro-manage these portfolios.

Starting today, German customers invest some of their money using the N26 app in a new N26 Invest section. You don’t need to talk to any financial advisor, you also don’t need to visit a bank branch.

“With N26 invest we aspiring in setting a new standard in invest on your mobile. Our customers invest within a few taps and no paperwork, right on the mobiles,” The N26 co-founder and CEO Valentin Stalf told that “We offer them a great user experience with graphics that let you track the presentation of the investment in real-time and complete transparency regarding fees.”

In different ways, vaamo works such as Wealthfront or Betterment in the U.S. Coincidentally, both N26 and Betterment takes part in our Startup Battlefield at TechCrunch Disrupt. This type of companies provides a digital-first approach and hands-off to investment.

Signing up is the hardest part. You can swipe right from your at present account to go into the investment and savings screen in the N26 app. While the company is still working on savings accounts, this is the place where you can sign up to vaamo and upload money.

Then you can select between three different plans that range from low risk and low returns to greater risk and  high return potential. After a one- time deposit is setting up, you can set up monthly deposits also. These all will sound familiar if you deal with the funds of investment. Then you can go well. Vaamo portfolios depend on five different funds that stores 15,000 securities altogether.

When it comes to fees, N26 promises transparency. As we are discussing multi-year investment plans it is important that a compounded fee adds up. Anytime, you can add or withdraw money.

Next, N26 adds real time savings, insurance and credit products. At the time it is interesting to see N26 doing a partnership with TransferWise, vaamo and Barzahlen. I can’t wait to see what the company comes up with its own. Now N26 has a banking license it can do more than facilitate transactions with third party services.


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