Tencent and Allianz-backed mobile bank N26 will use the proceeds from the Insight Venture Partners-led round, which valued it at $2.7bn, to expand into the US.

N26, the Germany-based mobile bank operator backed by insurance firm Allianz and internet group Tencent, secured $300m today in a series D round that valued it at $2.7bn Venture capital and private equity firm Insight Venture Partners led the round, which included contributions from Singaporean sovereign wealth fund GIC and unnamed existing investors. N26 runs…

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