Mobile banking firm N26 used this pitch deck to bag $40m in its series B round

ABOUT

N26 is a mobile banking platform that helps users manage their bank accounts on the go, tracking their expenses and helping them set aside money in real time. It also offers them a free Mastercard with which they can make ATM withdrawals in euros and payments in any currency without any additional charge.

The Germany-based startup operates with a full European banking license. It secures transactions using fingerprint identification and advanced 3D-secure technology as customers make purchases in stores and online.

The application gives users an insight into their spending habits by splitting expenses into sub-categories using artificial intelligence.

Users can also organize their finances using the app’s Spaces sub-accounts, where money can be set aside to make specific purchases. The application lets users track their savings, in accordance with a set goal for a purchase.

The fintech company used this pitch deck to raise its series B round of financing, which was led by Horizons Ventures.

Fundraising journey

• 2014: US$2 million in seed funding from Earlybird, Axel Springer Plug and Play, and Redalpine, among other investors
• 2015: US$10.6 million in a series A funding round from Peter Thiel’s Valar Ventures, Earlybird, Redalpine, and Daniel S. Aegerter, the chairman of Armada Investment Group
• 2016: US$40 million in series B funding led by Horizons Ventures, with the participation of Battery Ventures, Valar Ventures, Earlybird, and Redalpine
• 2018: US$160 million in series C funding led by Allianz X and Tencent
• January 2019: US$300 million in series D funding led by Insight Venture Partners, with participation from Singapore’s sovereign wealth fund GIC and other existing investors
• July 2019: US$170 million of extension funding in a series D round from Insight Venture Partners, GIC, Tencent, Allianz X, Valar Ventures, Earlybird, and Greyhound Capital
• 2020: US$100 million in a series D extension funding round from undisclosed investors

How is the deck compelling?

• The pitch deck has interesting visuals and offers a brief summary without too much explanation.
• The deck begins with a quote relating to a financial issue that the company aims to resolve and presents how its product is a solution to the problem right at the beginning.
• It highlights N26’s product features and its traction in terms of users and transaction volume.

SOURCE

Deck: PitchDeckHunt