German mobile bank N26 is thinking of making its first acquisition

German online bank N26 is considering making an acquisition for the first time, after raising a total of $800 million to date.

The $3.5 billion financial technology firm said net losses at its core European business came in at 110 million euros ($133 million) in 2020, down from 165 million euros the previous year.

“We have started to look — and we are still looking — opportunistically at some interesting targets,” Tayenthal, N26′s co-CEO, told CNBC in an interview.