Now N26 is planning to set up a technology and innovation centre in Vienna to develop new products and security features. On the basis of this new Viennese technology centre, the online bank is expanding its current product and technology team of 350 employees in Berlin, Barcelona and New York. The opening is scheduled to take place in the fall of 2019. Over the long term, N26 intends to hire more than 300 software engineers, product managers and IT specialists in Vienna. The online bank has an enterprise value of EUR 2.3 billion at present.