Nubank emerged as the leader in gross profit among prominent digital banks in 2023, generating annual gross profits of more than 1.5 billion U.S. dollars. Following behind were two major European neobanks: Wise, which recorded gross profits of 574 billion U.S. dollars, and Revolut, which achieved 545 million U.S. dollars. The year 2023 marked a significant milestone for several digital banks, as Sofi, Dave, Banco Inter, Bunq, MoneyLion, Monzo, Jago, and Wio all reached profitability for the first time since their establishment.
Profit before tax of selected leading and profitable digital banks worldwide in 2023
(in millions)
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Simon-Kucher & Partners. (July 9, 2024). Profit before tax of selected leading and profitable digital banks worldwide in 2023 (in millions) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1536957/gross-profit-digital-banks-worldwide/
Simon-Kucher & Partners. "Profit before tax of selected leading and profitable digital banks worldwide in 2023 (in millions)." Chart. July 9, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1536957/gross-profit-digital-banks-worldwide/
Simon-Kucher & Partners. (2024). Profit before tax of selected leading and profitable digital banks worldwide in 2023 (in millions). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1536957/gross-profit-digital-banks-worldwide/
Simon-Kucher & Partners. "Profit before Tax of Selected Leading and Profitable Digital Banks Worldwide in 2023 (in Millions)." Statista, Statista Inc., 9 Jul 2024, https://www.statista.com/statistics/1536957/gross-profit-digital-banks-worldwide/
Simon-Kucher & Partners, Profit before tax of selected leading and profitable digital banks worldwide in 2023 (in millions) Statista, https://www.statista.com/statistics/1536957/gross-profit-digital-banks-worldwide/ (last visited November 23, 2024)
Profit before tax of selected leading and profitable digital banks worldwide in 2023 (in millions) [Graph], Simon-Kucher & Partners, July 9, 2024. [Online]. Available: https://www.statista.com/statistics/1536957/gross-profit-digital-banks-worldwide/
