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Fintech startup N26 has raised a $900 million Series E round at a $9 billion valuation.

That represents a big jump from the company’s Series D valuation of $3.5 billion. The Berlin-based startup operates a digital bank with 7 million clients across 25 countries.

Third Point Ventures and Coatue Management are leading today’s round. Dragoneer Investment Group and some of N26’s existing investors are also participating.

“It gives us a lot of time over the next three to four years to line up for an IPO,” co-founder and CEO Valentin Stalf told me earlier today. N26 also plans to hire 1,000 people “as soon as possible.”

N26 offers bank accounts and debit cards that you can control from a mobile app. Opening a bank account is quite easy as you don’t need to go to a branch and fill out lengthy paperwork. After that, N26 users get a bank account with their own account numbers and a virtual card that they can add to Apple Pay or Google Pay.

Users can then send and receive money from their account, and spend and withdraw money using their card. On top of that, the company has launched several financial products, starting with premium subscriptions.

If you want to use N26 as your main bank account, you might be tempted to subscribe to N26 Smart, N26 You or N26 Metal. Those subscriptions let you create more sub-accounts, get higher limits and access more card designs. N26 You and N26 Metal users also get insurance products as part of their subscriptions.

In addition to premium subscriptions, N26 users can access first-party or third-party products, such as phone and electronics insurance, credit products, overdraft capabilities, etc.