DIGITAL bank N26 has just lost its Head of Treasury & Investment Oliver Schreiber to rival Revolut.
The move is a further blow to the German fintech which is already being investigated by regulator BaFin while at the same time preparing for an IPO. N26 has just raised a financing round of €900M.
N26's Germany boss Georg Hauer recently left and the loss of Schreiber is sure to be keenly felt.
Schreiber becomes CFO at Revolut's Lithuanian parent in Vilnius.
Schreiber who has worked at N26 for over five years was previously an advisor on the first series of hit tv show 'Bad Banks.' He reported to co-founder Maximilian Tayenthal.
Bafin has limited N26 growth to 50,000 customers per month as it wrestles to get its AML processes up to standard.
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