Challenger banks have been expanding in recent years, attracting an increasing volume of funding from investors to develop their business. In 2020, the U.S.-based Chime boasted the highest value of capital raised in an individual funding round, which amounted to 534 million U.S. dollars. The following year, both Chime and Nubank topped their previous highest individual funding rounds, Chime with 750 million U.S. dollars, and Nubank with 1150 million U.S. dollars. Nubank received further funding in 2022 and 2023, along with Neon.
Leading neobank individual funding rounds worldwide from 2020 to July 2023
(in million U.S. dollars)
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Statista. (July 20, 2023). Leading neobank individual funding rounds worldwide from 2020 to July 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1239646/leading-neobank-individual-funding-rounds/
Statista. "Leading neobank individual funding rounds worldwide from 2020 to July 2023 (in million U.S. dollars)." Chart. July 20, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1239646/leading-neobank-individual-funding-rounds/
Statista. (2023). Leading neobank individual funding rounds worldwide from 2020 to July 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1239646/leading-neobank-individual-funding-rounds/
Statista. "Leading Neobank Individual Funding Rounds Worldwide from 2020 to July 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 20 Jul 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1239646/leading-neobank-individual-funding-rounds/
Statista, Leading neobank individual funding rounds worldwide from 2020 to July 2023 (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1239646/leading-neobank-individual-funding-rounds/ (last visited November 10, 2024)
Leading neobank individual funding rounds worldwide from 2020 to July 2023 (in million U.S. dollars) [Graph], Statista, July 20, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1239646/leading-neobank-individual-funding-rounds/
