In this file photo taken on January 30, 2018 Co-founder and CEO of smartphone-based bank N26, Valentin Stalf attends a session at the Paris Fintech Forum in Paris. AFP / ERIC PIERMONT
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The German mobile bank backed by Peter Thiel is pressing ahead with its U.S. expansion, betting it can grab share from established lenders and credit-card providers with free accounts, fewer fees and phone alerts that nudge them toward better financial choices.It serves over 3.5 million customers four years after its launch, and operates in 24 countries, including Germany, France, the U.K. and Spain.In the U.S., N26 has been open for about a month and is partnering with Axos Financial Inc., a San-Diego-based online-lending pioneer, and Visa Inc., which will operate N26's debit cards. N26 has approval to operate in the U.S. already via the Axos partnership, Stalf said, and it's doing credit and identity checks on Americans who have applied for accounts.
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