Number26 and TransferWise join forces and create the first Fintech bank
Number26, the Berlin based mobile bank, has joined the TransferWise disruptor in worldwide money transfers. That means that Number26 users will be able to take advantage of TransferWise’s fast, fair overseas transfers – from within the Number26 experience.
Number26 was founded in 2015, and allows its customers to open a bank account in just 8 minutes. At just one year old, Number26 already has 100,000 customers across Europe – united by their recognition that technology can enable better banking.
Transfers will be possible from Euros into eight initial currencies: US Dollar, British pounds, Swedish krona, Indian rupees, Australian dollars, Hungarian forints, Swiss francs, and Polish zloty. Support for additional currencies and countries will be added soon.
The updated N26 apps, with TransferWise built in, are available today on iOS and Android.
A common goal
Number26 and TransferWise share a common goal to provide a fair and transparent banking experience for consumers, without any hidden charges and unnecessary hassle. Number26 does this through a mobile-first focus and an emphasis on innovative features. TransferWise uses peer-to-peer technology to offer a fairer and easier way to transfer money abroad up to 8x cheaper than with a typical bank or broker.
TransferWise founder Taavet:
‘We want to make it as easy and fair as possible for people who need to send money abroad, so we’re very excited that Number26 customers can now access the TransferWise experience without leaving their banking app. This is a great step towards consumers having a wider choice of financial service providers and getting the best service for them.’
TransferWise API Technology
Alongside our partnership with LHV, this marks the launch the TransferWise FinTech API. This means we’ll partner with additional modern banks, messaging applications, marketplaces, and mobile carriers to seamlessly integrate fair and transparent pricing into their core products.