Business expansion
Ostösterreich; Wien;
Location of affected unit(s)
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Activities Auxiliary To Financial Services And Insurance Activities
66.19 - Other activities auxiliary to financial services, except insurance and pension funding

100 jobs
Number of planned job creations
Job creation
Announcement Date
17 October 2019
Employment effect (start)
17 October 2019
Foreseen end date
31 December 2020


Challenger bank N26 opened their first office in Vienna, in October 2019, creating 100 jobs by the end of 2020. The jobs will specialise in online payment and data-driven security systems. The hub has already hired 15 employees and will continue recruiting in the coming year. In the long run, the company aims to increase the number of employees to 300. The choice for Vienna as a new hub location is justified by the convenient connectivity to the main branch in Berlin and by the high living standards in the city, by which they hope to attract international high-tech professionals, primarily from Central and Eastern Europe. 

Although the business has been founded by Austrians, this will be the company's first office in the country.



Eurofound (2019), N26, Business expansion in Austria, factsheet number 98965, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98965.