Peter Thiel-backed digital bank N26 plans to be IPO-ready by end of 2022

German banking start-up N26 will be prepared for an initial public offering by the end of 2022, co-CEO Maximilian Tayenthal told CNBC.

N26 recently raised $900 million in fresh funding to help it branch out beyond retail banking into new areas like crypto and stock trading. It counts the likes of Coatue and billionaire PayPal co-founder Peter Thiel as investors.

N26′s stock market debut could take place as early as 2024, Tayenthal said. However, he added the firm is in no rush to list.

Read more: CNBC