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Neobank apps: daily downloads in the UK 2018-2020

Since coming onto the UK banking scene, a number of digital, app-only banks have made huge waves in attracting across customers. As of February 2020, a number of the UK's fastest growing app-based banks had reached over one million customers, with Revolut hitting ten million. One of the main reasons fueling the success of digital-based challenger banks has been the continued backing by investors. As of May 2020, both the Berlin based N26 and the London born Revolut have received over half a billion U.S. dollars in funding.

Daily downloads of popular mobile-only banking apps in the United Kingdom (UK) from May 2018 to May 2020

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Source

Release date

June 2020

Region

United Kingdom

Survey time period

May 1, 2018 to May 31, 2020

Special properties

Android and iOS devices

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Statistics on "App-only banks in the United Kingdom (UK)"

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