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German online banking startup is raising $300 million in led by , according to a by the company.

The financing鈥攚hich comes just ten months after a round, covered by Crunchbase News at the time鈥攂rings the company鈥檚 post-money valuation to $2.7 billion. New York-based is leading the latest round, which also includes participation from Singapore鈥檚 The company has been previously backed by the likes of , , 鈥檚 , 鈥檚 , , and . Including the new funding announced today, in VC investment to date.

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According to the company鈥檚 statement, the $300 million funding represents 鈥渢he largest private equity financing round for a fintech company in Europe in recent years.鈥�

N26 was founded in 2013 with the goal to solve the inadequacies of banking in Europe with its free MasterCard debit cards, free checking accounts, and millennial-focused mobile-centric user experience, as my colleague Savannah Dowling wrote last March. It launched its first product in January 2015, and these days claims to be 鈥渂uilding the first global mobile bank.鈥�

In the company鈥檚 statement, co-founder and CEO said N26 aims to help people avoid 鈥渂ad banking experiences and high fees.鈥�

N26 says it is currently operating in 24 markets across Europe and says it has more than tripled its customer base in the last year to more than 2.3 million customers.

The startup plans to use the latest capital infusion to drive global expansion. Specifically, N26 plans to launch its mobile banking product in the United States in the first half of this year.

For a detailed look at overall funding in the fintech sector, check out Savannah鈥檚 piece from last April.

Note: Jason D. Rowley contributed to this piece.

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