YPOG advises N26 on conversion to a German stock corporation (AG)

Berlin – A YPOG team led by Martin Schaper advises N26 on both corporate and tax aspects of the change of legal form from a limited liability company (GmbH) to a German stock corporation (AG).

This creates the necessary conditions to become an European Company (Societas Europaea - SE) in the future. This reflects N26’s growth to date and its position as the leading digital bank in Europe, whilst also giving N26 the flexibility to continue pursuing its strategy as it scales.

Furthermore, N26 today announced the appointment of its new group Supervisory Board as it continues to evolve its governance structures in preparation for the next stages of development. The latest appointments will see Marcus W. Mosen, Jörg Gerbig, Dr. Barbara Roth, Dr. Julian Deutz and Dr. Robert Kilian take on roles as members of N26’s Supervisory Board, working in close collaboration with N26’s senior management and Executive Leadership Team.

Advisors N26:

Dr. Martin Schaper (Lead, Corporate/Transactions), Partner
Pia Meven (Corporate/Transactions), Associate
Dr. Malte Bergmann (Tax/Transactions), Partner
Lukas Schmitt (Tax/Transactions/Fintech/DLT), Associate
Rosa Wizisla (Corporate/Transactions), Associate

In matters of labor and regulatory law, the conversion was advised by the Freshfields Bruckhaus Deringer.

About N26

Valentin Stalf and Maximilian Tayenthal founded N26 in 2013 and launched the initial product in early 2015. Today N26 has welcomed more than 8 million customers in 24 markets. N26 has a 1,500-strong team of 80 nationalities based across the globe. It has teams based in 10 locations: Amsterdam, Berlin, Barcelona, Belgrade, Madrid, Milan, Paris, Vienna, New York and São Paulo. With a full German banking license, state-of-the-art technology and no branch network, N26 has redesigned banking for the 21st century and is available on Android, iOS, and desktop. Valued at more than US$9 billion, N26 has raised close to US$1.8 billion from the world’s most established investors, including Third Point Ventures, Coatue Management LLC, Dragoneer Investment Group, Insight Venture Partners, GIC, Li Ka-Shing’s Horizons Ventures, Earlybird Venture Capital, Greyhound Capital, Battery Ventures, in addition to members of the Zalando management board, and Redalpine Ventures. N26 currently operates in: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland. For more information: https://n26.com/en-eu 

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