The neo-bank made the point on his activity in France since the containment.
© N26
Guest on BFM Business, Jeremiah Roselli of N26 had not taken the word for a moment. The director-general of operations in France, Belgium and Luxembourg of the neo-bank is expressed at the end of last week to make the point, and discuss the rather complex situation in which the new players in the fintech are facing since the health crisis and the decline in consumption.
The man took the opportunity to formalize that N26 had reached 1.5 million customers within the hexagon, as they had crossed the symbolic threshold of one million in October, last year. ” We have more than 2000 new clients per day, all days of the week “, said Jeremiah Roselli, on the plateau of the television channel.
Two years ago, on the other hand, the expectations were higher for the establishment of berlin. On the French soil, it was thought to deploy at larger scale by reaching 2 million customers by 2019. It is not very clear since when the neo-bank has reached 1.5 million customers, but one thing is for sure, a slight delay in the forecast is to see.
“A healthy balance sheet “
It must be said that in Europe, the consequences have been numerous to N26. Its launch in Brazil had to be delayed, and its workforce in the United States has been downgraded. For the rest of the employees of the company, a cut of 25 % in the salaries had to be put in place.
On the client side, here too, changes have taken place. They are not a result only of the health crisis, but the evolution towards an economic model more profitable accelerated. At the beginning of the month of may, N26 added to the recharge account by credit card, but the free service among its competitor Revolut was not found here.
In France, Jeremiah Roselli did not show concern. He said on the “plateau BFM Business that N26 had a” healthy balance sheet “ and that vis-à-vis traditional banks who could not open their local, online banks and new zealand banks showed their full potential with digital.
A master-word : innovation
The digital just, will continue to be the lever N26 : ” we have more engineers than bankers ” announced it, adding that ” the difference is going to be in innovation, ” in speaking of the market outlook and the way in which N26 had to keep their place.
The health crisis and the containment can only add weight to her words. Despite a decline in consumption which has impacted the sector, the neo-banks have enjoyed the acceleration of the change of habits and the awareness of the interest of the online services.
Yet, on the market of new banks, all are not the choice of the 100 % mobile. It is clear, moreover, that these different stakeholders also face the success : the bank Nickel (ex-Account Nickel) exceeded the 1.5 million customers in France in January, with a horse model between the digital (via the site and application) and a physical network (via tobacconists).
Last week, My French Bank announced it as a rather positive review. Only twelve months after having been launched by the Banque Postale (the network on which the neo-bank is based), it announced that it had exceeded the 200, 000 clients. This mode of operation seems to please, and the director of Orange Bank Paul de Leusse was explained by the fact that it allows to attract ” people who would not spontaneously went to the bank and mobile “ during an interview at Presse-citron.
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