Feb 21, 2019 | Banks & Financial Services
Estimated customer growth of Revolut and N26 2018-2020
This statistic illustrates a forecasted growth rate of online only banks Revolut and N26 based on their reported monthly new customers. If both companies continue their current trends in new customers they will see a combined total of over 14 million customers by December 2020. As both companies are expecting to continue expansion into new countries for operation the actual customer numbers are likely to exceed the figures displayed here.
In February 2018, the London based company Revolut announced that they had hit 1.5 million customers, a figure that had grown to 3 million by November 14th, 2018. The incredible acceleration of new customers joining these online only banks has been mirrored by the Berlin (Germany) based N26 who have seen their customer base double between June 2018 and December 2018. N26, whose founder announced in that the companies aim was to reach 5 million customers by the beginning of 2020 looks to have made a somewhat reachable target if new customer trends continue, especially as the company gained 300 million U.S dollars more in vestment through round D funding in January 2019.