Investments (#)
Investments (USD)
Transactions
Recent transactions in the domain of challenger banks
| Company | Country | Funding round | Date | |
|---|---|---|---|---|
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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 |
|
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Monese Ltd Digital banking and remittances services provider. |
United Kingdom | N/A USD 35,000,000 (USD 35,000,000) |
20 Sep 2022 |
|
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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 |
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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 |
|
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 |
|
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 |
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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 |
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Monzo Bank Ltd Digital bank. |
United Kingdom | N/A GBP 60,000,000 |
2 Dec 2020 |
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Tink Sweden-based open banking platform. |
Sweden | Venture EUR 90,000,000 (USD 100,000,000) |
20 Jan 2020 |
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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 |
|
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Brex Inc Corporate credit card company focused on startups. |
United States | Debt USD 200,000,000 (USD 200,000,000) |
12 Dec 2019 |
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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 |
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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 |
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Neon Pagamentos SA |
Brazil | Series B BRL 400,000,000 |
19 Nov 2019 |
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Tide Platform Ltd New type of banking service for small businesses and freelancers. |
United Kingdom | Series B GBP 44,100,000 |
7 Oct 2019 |
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Team Labs Inc Provider of distributed spend management software. |
United States | Series A USD 12,000,000 (USD 12,000,000) |
26 Sep 2019 |
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Atom Bank PLC UK’s first bank built exclusively for smartphones and tablets. |
United Kingdom | Grant GBP 10,000,000 |
14 Aug 2019 |
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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 |
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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 |
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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 |
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Soldo Ltd Unified spend control platform. |
United Kingdom | Series B USD 61,000,000 (USD 61,000,000) |
8 Jul 2019 |
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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 |
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NuBank Brazilian neobank headquartered in São Paulo, Brazil. |
Brazil | Series F USD 400,000,000 (USD 400,000,000) |
1 Jul 2019 |
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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 |
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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 |
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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 |
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Brex Inc Corporate credit card company focused on startups. |
United States | Debt USD 100,000,000 (USD 100,000,000) |
16 Apr 2019 |
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Starling Bank Ltd Digital only business bank. |
United Kingdom | Non-Financial Assistance |
27 Mar 2019 |
|
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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 |
|
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Starling Bank Ltd Digital only business bank. |
United Kingdom | Grant GBP 100,000,000 (USD 130,639,000) |
22 Feb 2019 |
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Starling Bank Ltd Digital only business bank. |
United Kingdom | Series C GBP 75,000,000 (USD 96,488,100) |
13 Feb 2019 |
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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 |
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Raisin Pan-European fintech marketplace for savings and investment products. |
Series D USD 114,000,000 (USD 114,000,000) |
7 Feb 2019 | |
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Tink Sweden-based open banking platform. |
Sweden | N/A EUR 56,000,000 at EUR 184,000,000 valuation. |
7 Feb 2019 |
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Moven New type of bank account. |
United States | Series C USD 23,000,000 (USD 23,000,000) |
1 Feb 2019 |
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Jeitto |
Brazil | N/A |
29 Jan 2019 |
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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 |
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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 |
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Coconut Platform Ltd |
United Kingdom | Crowdfunding - Equity GBP 1,900,000 at GBP 8,500,000 valuation. |
11 Jan 2019 |
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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 |
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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 |
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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 |
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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 |
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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
Sweden-based open banking platform.
Investment themes:
Digital bank.
Investment themes:
Corporate credit card company focused on startups.
Investment themes:
US challenger bank.
Investment themes:
Brazilian neobank headquartered in São Paulo, Brazil.
Investment themes:
Berlin-based fintech company that enables its customers to manage their bank accounts through their smartphones.
Investment themes:
Secure financial platform for businesses to manage payments and subscriptions, build strategic budgets, and eliminate expense reports.
Investment themes:
UK’s first bank built exclusively for smartphones and tablets.
Investment themes:
Digital commercial lender.
Investment themes:
Challenger bank.
Investment themes:
Digital only business bank.
Investment themes:
Family fintech company that provides a debit card and money app designed to help parents raise financially-smart kids.
Investment themes:
New York-based challenger bank.
Investment themes:
Personal financial management mobile app linked to a Mastercard prepaid card.
Investment themes:
Pan-European fintech marketplace for savings and investment products.
Investment themes:
Unified spend control platform.
Investment themes:
Company payment card solution that automates expense reports and simplifies company spending.
Investment themes:
Banking platform that lets companies offer their own financial products.
Investment themes:
Over-the-top banking platform, consolidating all your cards and accounts into one smart card and even smarter app.
Investment themes:
Singapore-based blockchain company that makes cryptocurrencies instantly spendable anytime anywhere.
Investment themes:
Digital banking and remittances services provider.
Investment themes:
New type of banking service for small businesses and freelancers.
Investment themes:
Provider of credit cards to young people and others who lack a credit history.
Investment themes:
Provider of distributed spend management software.
Investment themes:
Creators of the Kyash wallet app and payment platform Kyash Direct.
Investment themes:
Innovative French online payment and bank account.
Investment themes:
Digital account provider offering pre-paid spending cards and current accounts.
Investment themes:
Blockchain banking platform enabling you to buy, sell, store and lend digital assets simply and securely.
Investment themes:
Cryptocurrency wallet and card provider.
Investment themes:
New type of bank for the digitally-savvy consumers and business customers.
Investment themes:
Mobile banking startup.
Investment themes:
Financial platform for small businesses.
Investment themes:
Investment themes:
Issuer of premium credit cards to prime, new-to-credit customers.
Investment themes:
Digital retail bank.
Investment themes:
Investors
Top investors in the domain of challenger banks
| Investor | Profile | Country | Investments | |
|---|---|---|---|---|
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Ribbit Capital | Venture capital firm that invests globally in early stage companies who are aiming to disrupt financial services. | United States | 12 |
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Passion Capital LLP | Early stage venture capital firm based in London. | United Kingdom | 12 |
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Tencent Holdings Ltd | Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. | China | 8 |
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Crowdcube Capital Ltd | Investment crowdfunding platform. | United Kingdom | 8 |
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Thrive Capital Partners Inc | Private equity and venture capital investment firm focused on media and internet investments. | United States | 7 |
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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 |
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Goodwater Capital LLC | United States | 7 | |
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Connect Ventures | United Kingdom | 6 | |
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Insight Venture Management LLC | Private equity and venture capital firm focused on the global software, internet and data services industries. | United States | 6 |
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Speedinvest | Early-stage European venture capital firm. | Austria | 6 |
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Seedcamp Investments LLP | Early stage mentoring and investment programme for European startups. | United Kingdom | 6 |
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G Squared Equity Management LLC | Global growth stage venture capital firm. | United States | 5 |
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Y Combinator | American technology startup accelerator. | United States | 5 |
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Banco Bilbao Vizcaya Argentaria SA | Multinational Spanish banking group | Spain | 5 |
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DST Global | The investment vehicle of Silicon Valley-based Russian Internet financier Yuri Milner. | United States | 5 |
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Index Ventures Management SA | Venture capital firm | Switzerland | 5 |
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Forerunner Ventures | Early stage venture capital firm. | United States | 5 |
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Kima Ventures | French-based venture capital fund that focuses on strategic investments in early stage technology companies around the world. | France | 5 |
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Valar Ventures Management LLC | Venture capital firm investing in high-margin, fast-growing financial technology companies across the globe. | United States | 5 |
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Accel Partners & Co Inc | Early and growth stage venture capital firm. | United States | 4 |
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Augmentum Fintech Management Ltd | United Kingdom | 4 | |
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Orange Digital Ventures | United States | 4 | |
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Balderton Capital Management (UK) LLP | European early stage venture capital firm | United Kingdom | 4 |
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Creandum AB | Sweden | 4 | |
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Earlybird VC Management GmbH & Co KG | Venture capital firm with a focus on Internet, software and medical technologies | Germany | 4 |
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Anthemis Group SA | Digital financial services venture capital and strategic advisory firm. | Luxembourg | 4 |
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New Enterprise Associates Inc | Global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. | United States | 4 |
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SBI Holdings Inc | Japan | 4 | |
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Toscafund Asset Management LLP | United Kingdom | 4 | |
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GIC Private Ltd | Singapore sovereign wealth fund. | Singapore | 4 |
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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 |
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Afore Capital Management LLC | Venture capital firm. | United States | 3 |
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Entree Capital Ltd | Global venture capital firm with offices in Israel, the UK, and the US. | United Kingdom | 3 |
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Cathay Innovation | Multi-stage venture capital partnership, affiliated to Cathay Capital. | 3 | |
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Ithaca Investments | 3 | ||
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General Catalyst Group Management LLC | Venture capital firm that makes early-stage and transformational investments. | United States | 3 |
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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 |
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Pelion Venture Partners | Early stage technology venture capital firm. | United States | 3 |
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LocalGlobe | UK-based venture capital firm that focuses on seed investments. | United Kingdom | 3 |
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Stripe Inc | Online payments platform. | United States | 3 |
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Rosecliff Venture Partners LP | United States | 3 | |
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Peter Thiel | United States | 3 | |
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TTV Capital | 3 | ||
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Story Ventures | United States | 3 | |
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Woodford Investment Management Ltd | United Kingdom | 3 | |
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Homebrew | United States | 3 | |
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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 |
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Dragoneer Investment Group LLC | Growth-oriented public and private investor based in San Francisco. | United States | 3 |
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ABN AMRO Digital Impact Fund | The ABN AMRO corporate venture fund and invests in innovative companies specialising in the digitalisation of financial products and services. | 2 | |
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Relay Ventures | Early stage venture capital firm focused exclusively on mobile software, services, technology and content. | Canada | 2 |
Acquirers
Top acquirers in the domain of challenger banks
| Investor | Profile | Country | Acquisitions | |
|---|---|---|---|---|
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VISA Inc | Global payments technology company. | United States | 1 |
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Flagship Community Bank | United States | 1 | |
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Pockit Ltd | Digital account provider offering pre-paid spending cards and current accounts. | United Kingdom | 1 |
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Banco Bilbao Vizcaya Argentaria SA | Multinational Spanish banking group | Spain | 1 |
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BNP Paribas | France | 1 |