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A Peter Thiel-backed credit card company that caters to people with little to no credit just raised $30 million

New companies like Petal that are trying to make financial services available at more affordable costs have started to emerge in the last year or so.
N26 CEO and cofounder Valentin Stalf.

An app-only bank backed by Peter Thiel is launching in the UK — and it’s targeting the US next

N26 plans to run a 'beta' testing phase before rolling out to its 50,000-strong UK waiting list in the coming weeks. The app-only bank was founded in Berlin, Germany, but currently operates in 17 markets across Europe and has 1.5 million customers.
Coya's founders and management board Sebastián Villarroel, Dr. Peter Hagen, Andrew Shaw, Laura Kauther and Thomas Münkel infront of the Coya Office in Berlin-Kreuzberg.

Peter Thiel’s investment firm is doubling down on a German insurance startup

Peter Thiel's Valar Ventures has led a $30 million funding round for Coya, a Berlin-based startup trying to build a digital insurance platform pitched at millennials.
TransferWise's founders Taavet Hinrikus and Kristo Kaarmann.

TransferWise raises $280 million from Old Mutual and IVP at $1.6 billion valuation

The funding will be used for expansion to Asia and India.

Peter Thiel is backing Berlin ‘InsurTech’ startup Coya in a $10 million round

The investment, led by the PayPal cofounder's Valar Ventures fund, is one of the biggest 'seed funding' rounds in Germany.