Report: Allianz Selling Share of N26 at Sharp Discount
Insurance group Allianz is reportedly selling its stake in neobank N26 at a steep discount.
According to a report late Tuesday (April 18) by the Financial Times, sources say Allianz’s venture capital operation Allianz X has told advisors to sell the company’s roughly 5% stake in N26 at a $3 billion valuation. Both firms are based in Germany.
The $3 billion figure is a third of the $9 billion N26 was valued at during its last funding round in fall of 2021.
