Investments (#)
Investments (USD)
Transactions
Recent transactions in the domain of challenger banks
| Company | Country | Funding round | Date | |
|---|---|---|---|---|
|
Monese Ltd Digital banking and remittances services provider. |
United Kingdom | Acquisition |
10 Oct 2024 |
|
Revolut Ltd Challenger bank. |
United Kingdom | Secondary at GBP 45,000,000,000 valuation. |
16 Aug 2024 |
|
Monzo Bank Ltd Digital bank. |
United Kingdom | Series I GBP 150,000,000 (USD 190,000,000) at GBP 3,850,000,000 (USD 4,810,000,000) valuation. |
8 May 2024 |
|
|
Monzo Bank Ltd Digital bank. |
United Kingdom | N/A GBP 340,000,000 (USD 432,200,000) at GBP 3,660,000,000 (USD 4,667,800,000) valuation. |
5 Mar 2024 |
|
Pockit Ltd Digital account provider offering pre-paid spending cards and current accounts. |
United Kingdom | N/A USD 10,000,000 (USD 10,000,000) |
3 Aug 2023 |
|
|
Monese Ltd Digital banking and remittances services provider. |
United Kingdom | N/A USD 35,000,000 (USD 35,000,000) |
20 Sep 2022 |
|
|
Monzo Bank Ltd Digital bank. |
United Kingdom | N/A USD 600,000,000 (USD 600,000,000) at USD 4,500,000,000 (USD 4,500,000,000) valuation. |
3 Jan 2022 |
|
Tink Sweden-based open banking platform. |
Sweden | Acquisition USD 2,100,000,000 (USD 2,100,000,000) at USD 2,100,000,000 (USD 2,100,000,000) valuation. |
1 Jun 2021 |
|
Greenlight Financial Technology Inc Family fintech company that provides a debit card and money app designed to help parents raise financially-smart kids. |
United States | Series D USD 260,000,000 (USD 260,000,000) at USD 2,300,000,000 (USD 2,300,000,000) valuation. |
28 Apr 2021 |
|
Brex Inc Corporate credit card company focused on startups. |
United States | Series D USD 425,000,000 (USD 425,000,000) at USD 7,400,000,000 (USD 7,400,000,000) valuation. |
27 Apr 2021 |
|
Current New York-based challenger bank. |
United States | Series D USD 220,000,000 (USD 220,000,000) at USD 2,200,000,000 (USD 2,200,000,000) valuation. |
27 Apr 2021 |
|
Starling Bank Ltd Digital only business bank. |
United Kingdom | Series D GBP 272,000,000 at GBP 1,100,000,000 valuation. |
8 Mar 2021 |
|
NuBank Brazilian neobank headquartered in São Paulo, Brazil. |
Brazil | Series G USD 400,000,000 (USD 400,000,000) at USD 25,000,000,000 (USD 25,000,000,000) valuation. |
28 Jan 2021 |
|
|
Monzo Bank Ltd Digital bank. |
United Kingdom | N/A GBP 60,000,000 |
2 Dec 2020 |
|
|
Tink Sweden-based open banking platform. |
Sweden | Venture EUR 90,000,000 (USD 100,000,000) |
20 Jan 2020 |
|
Bnext Neobank with an integrated marketplace in which clients can purchase financial and insurance services without leaving the app. |
Spain | N/A |
31 Dec 2019 |
|
|
Brex Inc Corporate credit card company focused on startups. |
United States | Debt USD 200,000,000 (USD 200,000,000) |
12 Dec 2019 |
|
Chime Financial Inc US challenger bank. |
United States | Series E USD 500,000,000 (USD 500,000,000) at USD 5,800,000,000 (USD 5,800,000,000) valuation. |
5 Dec 2019 |
|
Ualá Personal financial management mobile app linked to a Mastercard prepaid card. |
Argentina | Series C USD 150,000,000 (USD 150,000,000) |
27 Nov 2019 |
|
Neon Pagamentos SA |
Brazil | Series B BRL 400,000,000 |
19 Nov 2019 |
|
Tide Platform Ltd New type of banking service for small businesses and freelancers. |
United Kingdom | Series B GBP 44,100,000 |
7 Oct 2019 |
|
Team Labs Inc Provider of distributed spend management software. |
United States | Series A USD 12,000,000 (USD 12,000,000) |
26 Sep 2019 |
|
Atom Bank PLC UK’s first bank built exclusively for smartphones and tablets. |
United Kingdom | Grant GBP 10,000,000 |
14 Aug 2019 |
|
|
Atom Bank PLC UK’s first bank built exclusively for smartphones and tablets. |
United Kingdom | Venture GBP 50,000,000 at GBP 470,000,000 valuation. |
22 Jul 2019 |
|
N26 GmbH Berlin-based fintech company that enables its customers to manage their bank accounts through their smartphones. |
Germany | Series D USD 170,000,000 (USD 170,000,000) at USD 3,300,000,000 (USD 3,300,000,000) valuation. |
17 Jul 2019 |
|
Curve 1 Ltd Over-the-top banking platform, consolidating all your cards and accounts into one smart card and even smarter app. |
United Kingdom | Series B USD 55,000,000 (USD 55,000,000) at USD 195,000,000 (USD 195,000,000) valuation. |
15 Jul 2019 |
|
Soldo Ltd Unified spend control platform. |
United Kingdom | Series B USD 61,000,000 (USD 61,000,000) |
8 Jul 2019 |
|
Kyash Inc Creators of the Kyash wallet app and payment platform Kyash Direct. |
Japan | Series B JPY 1,500,000,000 (USD 14,000,000) |
3 Jul 2019 |
|
|
NuBank Brazilian neobank headquartered in São Paulo, Brazil. |
Brazil | Series F USD 400,000,000 (USD 400,000,000) |
1 Jul 2019 |
|
|
Monzo Bank Ltd Digital bank. |
United Kingdom | Series F GBP 113,000,000 (USD 143,729,000) at GBP 1,900,000,000 (USD 2,416,680,000) valuation. |
24 Jun 2019 |
|
Pleo Technologies ApS Company payment card solution that automates expense reports and simplifies company spending. |
Denmark | Series B USD 56,000,000 (USD 56,000,000) |
14 May 2019 |
|
DivvyPay Inc Secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports. |
United States | Series C USD 200,000,000 (USD 200,000,000) at USD 500,000,000 (USD 500,000,000) valuation. |
29 Apr 2019 |
|
|
Brex Inc Corporate credit card company focused on startups. |
United States | Debt USD 100,000,000 (USD 100,000,000) |
16 Apr 2019 |
|
|
Starling Bank Ltd Digital only business bank. |
United Kingdom | Non-Financial Assistance |
27 Mar 2019 |
|
|
Chime Financial Inc US challenger bank. |
United States | Series D USD 200,000,000 (USD 200,000,000) at USD 1,300,000,000 (USD 1,300,000,000) valuation. |
5 Mar 2019 |
|
|
Starling Bank Ltd Digital only business bank. |
United Kingdom | Grant GBP 100,000,000 (USD 130,639,000) |
22 Feb 2019 |
|
|
Starling Bank Ltd Digital only business bank. |
United Kingdom | Series C GBP 75,000,000 (USD 96,488,100) |
13 Feb 2019 |
|
OakNorth Bank PLC Digital commercial lender. |
United Kingdom | N/A USD 440,000,000 (USD 440,000,000) at USD 2,800,000,000 (USD 2,800,000,000) valuation. |
8 Feb 2019 |
|
Raisin Pan-European fintech marketplace for savings and investment products. |
Series D USD 114,000,000 (USD 114,000,000) |
7 Feb 2019 | |
|
|
Tink Sweden-based open banking platform. |
Sweden | N/A EUR 56,000,000 at EUR 184,000,000 valuation. |
7 Feb 2019 |
|
Moven New type of bank account. |
United States | Series C USD 23,000,000 (USD 23,000,000) |
1 Feb 2019 |
|
Petal Card Inc Provider of credit cards to young people and others who lack a credit history. |
United States | Series B USD 30,000,000 |
29 Jan 2019 |
|
Jeitto |
Brazil | N/A |
29 Jan 2019 |
|
|
DivvyPay Inc Secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports. |
United States | Debt USD 250,000,000 (USD 250,000,000) |
18 Jan 2019 |
|
Coconut Platform Ltd |
United Kingdom | Crowdfunding - Equity GBP 1,900,000 at GBP 8,500,000 valuation. |
11 Jan 2019 |
|
|
N26 GmbH Berlin-based fintech company that enables its customers to manage their bank accounts through their smartphones. |
Germany | Series D USD 300,000,000 (USD 300,000,000) at USD 2,400,000,000 (USD 2,400,000,000) valuation. |
9 Jan 2019 |
|
|
Pleo Technologies ApS Company payment card solution that automates expense reports and simplifies company spending. |
Denmark | Series A USD 16,000,000 (USD 16,000,000) |
31 Dec 2018 |
|
|
Monzo Bank Ltd Digital bank. |
United Kingdom | Crowdfunding - Equity GBP 20,000,000 (USD 25,495,000) at GBP 1,000,000,000 (USD 1,274,750,000) valuation. |
3 Dec 2018 |
|
|
Tide Platform Ltd New type of banking service for small businesses and freelancers. |
United Kingdom | Debt USD 8,000,000 (USD 8,000,000) |
1 Dec 2018 |
|
|
Monzo Bank Ltd Digital bank. |
United Kingdom | Series E GBP 85,000,000 (USD 108,000,000) at GBP 1,000,000,000 (USD 1,270,000,000) valuation. |
31 Oct 2018 |
Companies
Best funded companies in challenger banks
Berlin-based fintech company that enables its customers to manage their bank accounts through their smartphones.
Secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports.
Family fintech company that provides a debit card and money app designed to help parents raise financially-smart kids.
Personal financial management mobile app linked to a Mastercard prepaid card.
Company payment card solution that automates expense reports and simplifies company spending.
Over-the-top banking platform, consolidating all your cards and accounts into one smart card and even smarter app.
Singapore-based blockchain company that makes cryptocurrencies instantly spendable anytime anywhere.
Provider of credit cards to young people and others who lack a credit history.
Digital account provider offering pre-paid spending cards and current accounts.
Blockchain banking platform enabling you to buy, sell, store and lend digital assets simply and securely.
Digital banking solution and payment institution for European entrepreneurs, sole traders and business owners.
Provider of savings, mortgages, credit cards, current accounts, currency services, pensions, investments and protection products in the UK.
Investors
Top investors in the domain of challenger banks
| Investor | Profile | Country | Investments | |
|---|---|---|---|---|
|
Ribbit Capital | Venture capital firm that invests globally in early stage companies who are aiming to disrupt financial services. | United States | 12 |
|
Passion Capital LLP | Early stage venture capital firm based in London. | United Kingdom | 12 |
|
Tencent Holdings Ltd | Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. | China | 8 |
|
Crowdcube Capital Ltd | Investment crowdfunding platform. | United Kingdom | 8 |
|
Thrive Capital Partners Inc | Private equity and venture capital investment firm focused on media and internet investments. | United States | 7 |
|
Greyhound Capital Management LLP | Growth equity firm investing in technology-enabled businesses in traditional, everyday industries that are transforming our daily lives. | United Kingdom | 7 |
|
Goodwater Capital LLC | United States | 7 | |
|
Connect Ventures | United Kingdom | 6 | |
|
Insight Venture Management LLC | Private equity and venture capital firm focused on the global software, internet and data services industries. | United States | 6 |
|
Speedinvest | Early-stage European venture capital firm. | Austria | 6 |
|
Seedcamp Investments LLP | Early stage mentoring and investment programme for European startups. | United Kingdom | 6 |
|
Index Ventures Management SA | Venture capital firm | Switzerland | 5 |
|
DST Global | The investment vehicle of Silicon Valley-based Russian Internet financier Yuri Milner. | United States | 5 |
|
Y Combinator | American technology startup accelerator. | United States | 5 |
|
Forerunner Ventures | Early stage venture capital firm. | United States | 5 |
|
Kima Ventures | French-based venture capital fund that focuses on strategic investments in early stage technology companies around the world. | France | 5 |
|
Valar Ventures Management LLC | Venture capital firm investing in high-margin, fast-growing financial technology companies across the globe. | United States | 5 |
|
G Squared Equity Management LLC | Global growth stage venture capital firm. | United States | 5 |
|
Banco Bilbao Vizcaya Argentaria SA | Multinational Spanish banking group | Spain | 5 |
|
Augmentum Fintech Management Ltd | United Kingdom | 4 | |
|
Anthemis Group SA | Digital financial services venture capital and strategic advisory firm. | Luxembourg | 4 |
|
Balderton Capital Management (UK) LLP | European early stage venture capital firm | United Kingdom | 4 |
|
Creandum AB | Sweden | 4 | |
|
Earlybird VC Management GmbH & Co KG | Venture capital firm with a focus on Internet, software and medical technologies | Germany | 4 |
|
New Enterprise Associates Inc | Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. | United States | 4 |
|
Accel Partners & Co Inc | Early and growth stage venture capital firm. | United States | 4 |
|
Toscafund Asset Management LLP | United Kingdom | 4 | |
|
SBI Holdings Inc | Japan | 4 | |
|
Orange Digital Ventures | United States | 4 | |
|
GIC Private Ltd | Singapore sovereign wealth fund. | Singapore | 4 |
|
Peter Thiel | United States | 3 | |
|
Stripe Inc | Online payments platform. | United States | 3 |
|
Cathay Innovation | Multi-stage venture capital partnership, affiliated to Cathay Capital. | 3 | |
|
Crosslink Capital Inc | Venture capital firm with an asset management business that continues into the public equity market for fast-growing companies. | United States | 3 |
|
LocalGlobe | UK-based venture capital firm that focuses on seed investments. | United Kingdom | 3 |
|
Rosecliff Venture Partners LP | United States | 3 | |
|
|
Ithaca Investments | 3 | ||
|
TTV Capital | 3 | ||
|
Story Ventures | United States | 3 | |
|
Woodford Investment Management Ltd | United Kingdom | 3 | |
|
General Catalyst Group Management LLC | Venture capital firm that makes early-stage and transformational investments. | United States | 3 |
|
Homebrew | United States | 3 | |
|
Tiger Global Management LLC | Investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries. | United States | 3 |
|
Pelion Venture Partners | Early stage technology venture capital firm. | United States | 3 |
|
Dragoneer Investment Group LLC | Growth-oriented public and private investor based in San Francisco. | United States | 3 |
|
Afore Capital Management LLC | Venture capital firm. | United States | 3 |
|
Redalpine Venture Partners AG | Seed and early-stage venture capital firm investing in disruptive technologies with focus on highly scalable ICT and Health Tech models. | Switzerland | 3 |
|
Entree Capital Ltd | Global venture capital firm with offices in Israel, the UK, and the US. | United Kingdom | 3 |
|
Great Oaks Venture Capital | 2 | ||
|
Sequoia Capital Operations LLC | Venture capital firm. | United States | 2 |
Acquirers
Top acquirers in the domain of challenger banks
| Investor | Profile | Country | Acquisitions | |
|---|---|---|---|---|
|
Flagship Community Bank | United States | 1 | |
|
|
Pockit Ltd | Digital account provider offering pre-paid spending cards and current accounts. | United Kingdom | 1 |
|
|
Banco Bilbao Vizcaya Argentaria SA | Multinational Spanish banking group | Spain | 1 |
|
BNP Paribas | France | 1 | |
|
VISA Inc | Global payments technology company. | United States | 1 |