Challenger Banks Are Racing

You may read or hear that Challenger Banks are racing to get to the top.

Challenger banks like N26   and Revolut   are announcing today that they are raising at a $10B valuation for N26 and at $33B for Revolut while having losses $133m and $231m respectively in 2020. These players are aiming to make it big in the US by going after Community Banks and Credit Unions.

Reference reading:

  1. Valuation of challenger banks  <

2. Real growth of challenger banks in the US (Chime, Current and others) <

3. The Principles to Drive Digital Banking Transformation <>

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