Company Information

Get to know N26 Brazil

N26, a prominent German neobank, announced its expansion into Brazil in 2019 and received its license from the Brazilian Central Bank to operate as a direct credit company (SCD) in 2021. After a prolonged beta testing phase, the service officially launched to the Brazilian public in November 2022. The company aimed to differentiate itself by focusing on "fincare," a concept combining finance with self-care to promote financial health. However, in October 2023, N26 announced its strategic decision to exit the Brazilian market to concentrate on its core European markets. The company officially wound down its operations and closed all customer accounts by December 7, 2023.

Industry

Financial BankingPRIMARY
Financial Insurance
Financial Other Service

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N26 Brazil

N/A

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.