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German Digital Bank Valuation Soars Past Commerzbank After Latest Funding Round

N26, a digital bank based in Germany, has topped a $9 billion valuation after its latest funding round, which makes it now slightly more valuable than the nation’s second biggest lender, Commerzbank. So reports CNBC.

n26The latest funding round came from Third Point, Coatue and Dragoneer. According to information in the article, the company is planning on using the new funding to hire 1,000 new employees and launch a cryptocurrency trading feature.

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