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:
- Valuation of challenger banks <https://agoraservices.us8.list-manage.com/track/click?u=a1f851114e73f2e102665d5d1&id=168d13967f&e=dfabf01874>
2. Real growth of challenger banks in the US (Chime, Current and others) <https://agoraservices.us8.list-manage.com/track/click?u=a1f851114e73f2e102665d5d1&id=c06e261e98&e=dfabf01874>
3. The Principles to Drive Digital Banking Transformation <https://agoraservices.us8.list-manage.com/track/click?u=a1f851114e73f2e102665d5d1&id=85b4d67967&e=dfabf01874>