When comparing 17 neo banks from all over the world against each other, one sees that most challengers originally focused on either lending or debit cards. China's WeBank, for instance, had the highest valuation of all challenger bank unicorns under consideration as of November 2020, with a market value of 21 billion U.S. dollars out of a total 33 billion U.S. dollars across six neo banks that had lending as their core business. Chime - with a market value of 14 billion U.S. dollars out of roughly 23 billion U.S. dollars within the debit cards segment - was the biggest neo bank from the United States.
Valuation of challenger bank unicorns as per the latest funding round available as of November 2020, by core product
(in billion U.S. dollars)
Unicorn neo banks defined by a pre-money valuation of more than one billion U.S dollars; Categorization was based on the core product at time of launch.
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Fincog. (November 2, 2020). Valuation of challenger bank unicorns as per the latest funding round available as of November 2020, by core product (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1239461/challenger-bank-unicorns-by-core-product/
Fincog. "Valuation of challenger bank unicorns as per the latest funding round available as of November 2020, by core product (in billion U.S. dollars)." Chart. November 2, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1239461/challenger-bank-unicorns-by-core-product/
Fincog. (2020). Valuation of challenger bank unicorns as per the latest funding round available as of November 2020, by core product (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1239461/challenger-bank-unicorns-by-core-product/
Fincog. "Valuation of Challenger Bank Unicorns as per The Latest Funding Round Available as of November 2020, by Core Product (in Billion U.S. Dollars)." Statista, Statista Inc., 2 Nov 2020, https://www.statista.com/statistics/1239461/challenger-bank-unicorns-by-core-product/
Fincog, Valuation of challenger bank unicorns as per the latest funding round available as of November 2020, by core product (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1239461/challenger-bank-unicorns-by-core-product/ (last visited November 22, 2024)
Valuation of challenger bank unicorns as per the latest funding round available as of November 2020, by core product (in billion U.S. dollars) [Graph], Fincog, November 2, 2020. [Online]. Available: https://www.statista.com/statistics/1239461/challenger-bank-unicorns-by-core-product/
