It is sad to hear that N26 has announced today that they have decided to pull out of the UK market. I believe that they said they had more than 200,000 customers, so that will be a lot of people affected by this decision. I imagine that could affect some members and Dozens customers here too.
I see that they have said that the decision relates to their lack of a UK banking licence in a post-Brexit world (even though they must have known this was an issue for some time), but it must still be a bit of a shock for their customers.
It is actually a blow for all the industry when these things happen. The UK is certainly a competitive market for Fintech businesses, but it is also a vibrant and exciting place for innovation and we look forward to growing by doing things differently.
We are sorry if you have been affected. Were you a customer of theirs? Do you know how this is going to affect you? Is there something particular that you got from your N26 account that you will miss?