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N26 Celebrates the Removal of BaFin Growth Restriction, Plans for Expansion and Financial Success

N26, a prominent German FinTech company and the top digital bank in Europe, has recently revealed that the BaFin will be lifting the growth restriction placed upon the bank, effective June 1, 2024. This significant development marks the conclusion of a period in which N26 was restricted to onboard a maximum of 60,000 new customers per month. The decision to lift the restriction comes after months of dedicated efforts by N26 to strengthen its compliance infrastructure and combat financial crimes and money laundering, as previously reported. With this major obstacle now removed, N26 is poised for further growth and profitability in the future.