Overview

• Valentin Stalf announced he will leave his operational co-CEO role "soon" and transition to the supervisory board after a handover period.
• Co-founder Maximilian Tayenthal remains in his current executive positions at the N26 group and bank.
• Media reports say a harsh BaFin interim inspection found renewed shortcomings in fraud controls, risk management and organization, prompting investors to press for leadership changes.
• The Financial Times has reported that supervisory board chair Marcus Mosen is likely to serve as interim CEO, a move the company has not confirmed.
• The founders together hold roughly 20% of N26, and Stalf cited about 40% revenue growth in 2024, more than €0.5 billion in revenue and that the bank is running profitably.