N26 raised $100m in an extension of Series D funding round.

N26, a German neobank, raised $100m in an extension of Series D funding round, bringing the total for the funding round to $570m. The investment was backed by N26’s existing investors, Tencent and Valar Ventures, a private equity firm. The company intends to use the funds to accelerate product development and strengthen its presence in its core markets.