N26, a German fintech startup backed by venture capitalist Peter Thiel, raised $300 million in a series D funding round.

The financing comes just 10 months after N26's last funding round and will be used to facilitate the company's expansion into the US market.

N26, a German digital banking company backed by venture capitalist Peter Thiel, is now the most valuable fintech in Europe.

The company on Thursday said it had raised $300 million in a series D funding round that values it $2.7 billion.

That's more than red hot $1.7 billion UK-based fintech Revolut.

Venture firm Insight Venture Partner is leading the latest funding round alongside Singapore's sovereign wealth fund GIC.

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