Oliver Schreiber moves from N26 to Revolut

Neobank N26 has just raised 900 million dollars, and now its Head of Treasury, Oliver Schreiber, is moving to the competition.

After five years as Head of Treasury at N26, Oliver Schreiber has moved to the Lithuanian internet direct bank Revolut. There, the graduate in business administration will work as head of finance in the future, as FWDFinance reports.

Schreiber is thus moving to the competition: N26 and Revolut compete with each other in the field of online financial services. According to its own data, around 15 million private customers and 500,000 corporate customers in over 35 countries currently use Revolut's online accounts. Last year, the Lithuanian specialist bank also expanded into the United States.

Neobank N26 recently raised €900 million in a funding round(we reported). Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, the Berlin-based start-up has more than seven million customers. Due to Bafin requirements, N26 will have to limit its new customers in Europe to 50,000 to 70,000 in the coming months.