German mobile bank N26 is thinking of making its first acquisition

The Berlin-based company plans to hire an additional 200 employees this year, and is also plotting an expansion into Brazil.Thomas Trutschel | Photothek via Getty Images

N26 didn't disclose a revenue figure for last year, but said gross revenues doubled to nearly 100 million euros in 2019, from 43.6 million euros a year earlier. Its losses also more than doubled that year, though, from 73.2 million euros in 2018. and billionaires Peter Thiel and Li Ka-shing. It has also started looking at deploying its war chest of funds to buy a fintech competitor.

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