forecast the growth of digital challenger banks into 2022.
In February 2018, the London based company Revolut announced that they had hit 1.5 million customers, a figure that has grown to 18 million as of 2022. The incredible acceleration of new customers joining these digital-only banks has been mirrored by the Berlin-based N26 who have seen their customer base reaching seven million as of January 2021, and fellow London-headquartered Monzo. By analyzing app downloads of Europe's best performing neobanks, Statista has Number of customers at largest online only European banks as of 2022 (in millions)
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Statista. (February 17, 2022). Number of customers at largest online only European banks as of 2022 (in millions) [Graph]. In Statista. Retrieved May 23, 2022, from https://www.statista.com/statistics/941342/europe-largest-online-banks/
Statista. "Number of customers at largest online only European banks as of 2022 (in millions) ." Chart. February 17, 2022. Statista. Accessed May 23, 2022. https://www.statista.com/statistics/941342/europe-largest-online-banks/
Statista. (2022). Number of customers at largest online only European banks as of 2022 (in millions) . Statista. Statista Inc.. Accessed: May 23, 2022. https://www.statista.com/statistics/941342/europe-largest-online-banks/
Statista. "Number of Customers at Largest Online Only European Banks as of 2022 (in Millions) ." Statista, Statista Inc., 17 Feb 2022, https://www.statista.com/statistics/941342/europe-largest-online-banks/
Statista, Number of customers at largest online only European banks as of 2022 (in millions) Statista, https://www.statista.com/statistics/941342/europe-largest-online-banks/ (last visited May 23, 2022)