Mobile bank cancels hundreds of accounts
By Alex LynnEuropean mobile bank NUMBER26 has cancelled hundreds of accounts after just launching last year
Section: Fintech
In a statement, NUMBER26 said: “Every provider of financial services has the right to end a customer relationship, as we must also do from time to time.
“Recent cancellation notices affected a few hundred NUMBER26 accounts.
“Each cancellation has a reason, and we are sorry to have to close any account.”
The mobile bank stated that for data protection reasons, it could not comment on specific cases.
However, NUMBER26 seemed unfazed by the loss of several hundred customers.
The firm added: “In the context of our fast growth, the number of affected accounts is insignificant.”
NUMBER26 has acquired over 160,000 customers and process more than one million transactions per month.
It currently employs a team of 140 people.
Keywords: Bridging Finance, Commercial Finance, Bridging Lender, Commercial Lender, Alternative Finance, Broker news, Bridging loans, Number26, European, German, cancellation, challenger
Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/mobile-bank-cancels-hundreds-of-accounts