Challenger banks have been increasing in popularity and have been growing in number in recent years. As the graph shows, the number of challenger banks launches has grown year-on-year until 2020. In 2021 and 2022, while the number of challenger banks still increased, the pace of increase slowed down. In 2022, 56 new challenger banks were launched, three less than in the previous year.
Number of new challenger banks launched annually worldwide from 2014 to 2022
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Number of challenger banks
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Figure for 2022 was calculated by Statista by using the 2021 data as base and extracting the total number of digital challenger banks in 2022 published by the source.
Figures include neobanks that either ceased operations, were merged into another entity, or pivoted outside neobanking
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FinTech News, & Statista. (July 17, 2023). Number of new challenger banks launched annually worldwide from 2014 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1239306/number-of-challenger-banks-worldwide/
FinTech News, und Statista. "Number of new challenger banks launched annually worldwide from 2014 to 2022." Chart. July 17, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1239306/number-of-challenger-banks-worldwide/
FinTech News, Statista. (2023). Number of new challenger banks launched annually worldwide from 2014 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1239306/number-of-challenger-banks-worldwide/
FinTech News, and Statista. "Number of New Challenger Banks Launched Annually Worldwide from 2014 to 2022." Statista, Statista Inc., 17 Jul 2023, https://www.statista.com/statistics/1239306/number-of-challenger-banks-worldwide/
FinTech News & Statista, Number of new challenger banks launched annually worldwide from 2014 to 2022 Statista, https://www.statista.com/statistics/1239306/number-of-challenger-banks-worldwide/ (last visited July 22, 2024)
Number of new challenger banks launched annually worldwide from 2014 to 2022 [Graph], FinTech News, & Statista, July 17, 2023. [Online]. Available: https://www.statista.com/statistics/1239306/number-of-challenger-banks-worldwide/