# Allianz puts N26 stake up for sale at $3 billion valuation – FT
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-04-19
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Allianz sells N26 stake for $3 billion valuation at 68%
Meta Description: Allianz SE's unit selling 5% stake in N26 at 68% discount, valuing it at $3 billion. Could make $160 million; could triple investment over 5 years.
URL: https://financedigest.com/allianz-puts-n26-stake-up-for-sale-at-3-billion-valuation-fthtml

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(Reuters) – A unit of Allianz SE has put about 5% of its stake in German online bank N26 up for sale at a steep discount, valuing it at $3 billion, the Financial Times reported on Wednesday.

The venture capital arm of Munich-based insurance group Allianz X has mandated an adviser to sell the stake, at a discount of about 68% to the more than $9 billion N26 was valued at in 2021, the report said, citing people familiar with the matter.

The $900 million funding round made N26 one of Europe’s most valuable fintechs, behind rivals like Klarna and Revolut.

Allianz X is one of the largest external investors in N26, [according to the FT report](https://www.financedigest.com/worst-flooding-since-1998-leaves-33bn-economic-toll-in-china-according-to-aon-catastrophe-report.html "Worst flooding since 1998 leaves bn economic toll in China, according to Aon catastrophe report"), but it is not immediately clear how much it holds in the fintech company.

The stake [sale could help Allianz realise almost](https://www.financedigest.com/tesla-ceo-musk-says-he-is-almost-done-with-stock-sales-shares-rally.html "Tesla CEO Musk says he is ‘almost done’ with stock sales; shares rally") $160 million, meaning it would still more than triple its investment over five years, FT said, citing calculations based on public filings.

The sale follows [banking regulators keeping a close watch on the financial health of lenders after the failure of regional](https://www.financedigest.com/danich-local-and-regional-banks-launch-mobile-wallet-powered-by-nets-new-hce-and-tokenisation-platform.html "DANICH LOCAL AND REGIONAL BANKS LAUNCH MOBILE WALLET POWERED BY NET’S NEW HCE AND TOKENISATION PLATFORM") U.S. banks and [Credit Suisse’s](https://www.financedigest.com/credit-suisse-offers-higher-deposit-rates-in-asia-to-woo-the-wealthy-sources.html "Credit Suisse offers higher deposit rates in Asia to woo the wealthy – sources") rescue by UBS.

Allianz and N26 did not immediately respond to Reuters’ request for comment.

(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Sonia Cheema)


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