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Leading venture capital-backed online bank unicorns in Europe 2020

Largest venture capital-backed unicorn online banks in Europe as of February 2020, by market value

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Release date

February 2020



Survey time period

February 2020

Supplementary notes

Unicorns are venture capital backed companies with a valuation of over one billion U.S dollars. Latest announced post-money valuations used

* As of February 2020.
** As of June 2019.
*** As of July 2019.
*** As of April 2019.

Revolut is a personal money cloud, cutting hidden banking fees to zero. It allows users to exchange currencies at perfect interbank rates, send money through social networks and spend with a multi-currency card everywhere MasterCard is accepted. All this is done at the touch of a button, in a mobile application. The company's goal is to completely remove all hidden banking costs

Monzo, formerly Mondo, is a digital, mobile-only bank based in the United Kingdom.
N26 is a mobile banking app based out of Berlin, Germany.

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