
Thiel-Backed Fintech N26 to Offer Mobile Service to Boost Growth
N26, the Peter Thiel-backed German neobank, is planning to offer mobile phone contracts to customers as it seeks new avenues for growth, copying a strategy that its larger competitor Revolut introduced last year.
'Germany has some of the most expensive local plans among telecommunication markets in Europe,' Chief Executive Officer Valentin Stalf told Bloomberg News in an interview on Monday. N26 will start offering telecom services in May using one of the top two German mobile networks, he said.

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CNN
27 minutes ago
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Austria hit by rare school shooting
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Yahoo
an hour ago
- Yahoo
Dortmund sign Bellingham brother Jobe from Sunderland
Jobe Bellingham (right) playing for Sunderland in the Championship (Paul ELLIS) Borussia Dortmund have signed English midfielder Jobe Bellingham from Sunderland until 2030, five years after bringing older brother Jude to the club. Dortmund announced the signing on Tuesday, the final day of the Club World Cup transfer window. Advertisement "The England U21 international put pen to paper on a five-year deal with the eight-time German champions on Tuesday morning," Dormund said in a statement. Dortmund reportedly paid a fee of around 33 million euros ($37 million), with five million in additional bonuses, to secure the midfielder's services, the most the club has paid up front for a player. "I'm very happy to be a Borussia Dortmund player now and to fight for titles together with this great club," said 19-year-old Bellingham. "I want to play my part in celebrating success with these great fans here and will work on myself and with the team every day. And I'm very happy that I'll be wearing the black and yellow jersey at the FIFA Club World Cup." Advertisement Dortmund's transfer record remains the 35 million euros paid to bring Ousmane Dembele from Rennes in 2018 although this was originally 15 million euros which rose by 20 million in sell-on fees once the player transfered to Barcelona. "Jobe is an extremely talented footballer with an impressive level of maturity and intelligence on the pitch for someone so young," said Lars Ricken, BVB Managing Director for Sport. "We have no doubt that he's the perfect fit for our philosophy of developing talented youngsters and giving them the opportunity to improve and establish themselves at the highest level. "His professionalism, his dynamism and his hunger to succeed will make him a real asset for our team." Advertisement At 19, Jobe is two years younger than his Real Madrid and England midfielder brother. In moving to Dortmund, Jobe will follow in Jude's footsteps of trading the Championship for the Bundesliga and the Westfalenstadion. After leaving Birmingham City, Jude spent three seasons at Dortmund and has become one of the most recognisable players in world football since joining Real in 2023. As he did at Sunderland, the younger Bellingham will wear 'Jobe' on his jersey at Dortmund rather than his last name in a bid to distinguish himself from his brother. Jobe scored four goals and laid on three assists in 40 games for Sunderland this season as he helped the club win promotion to the Premier League. Advertisement - Brotherly face-off - Jobe's signing means the two brothers could face off in this season's expanded Club World Cup in the United States, if Dortmund meet Real Madrid during the knockouts of the competition. Jude Bellingham joined Dortmund from boyhood club Birmingham in 2020 aged 17 for around 23 million euros, a fee which rose to 30 million euros when a sell-on fee was added after his 100 million euro move to Real Madrid. He made 132 appearances in yellow and black, scoring 24 times and laying on 25 assists, and helped them win the German Cup in 2021 alongside Erling Haaland and Jadon Sancho. Advertisement After leaving Dortmund, Jude faced off against his former side in the 2023-24 Champions League final, with Real winning 2-0 at Wembley. Jobe became the second-youngest Birmingham City player behind his brother when he made his debut aged 16 years and 107 days. He was named the young player of the season in the English second flight, again following in his brother's footsteps, five years on. "He's fit as a fiddle and raring to go," said club sporting director Sebastian Kehl. "He's determined to forge his own path at Borussia Dortmund and make his mark on how we play, and we're confident that he will do exactly that," added Advertisement After a disappointing 2024-25 campaign, Dortmund snuck into fourth after a late-season flurry, picking up 22 of a possible 24 points in their final eight games and will take part in next season's Champions League. Dortmund kick off their Club World Cup campaign against Fluminense on June 17. dwi/ea/bsp
Yahoo
an hour ago
- Yahoo
From Germany: United star's reunion with Ten Hag now deemed ‘feasible' as Leverkusen prepare formal approach
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