Try our corporate solution for free!
+1 (212) 419-5770
esther.shaulova@statista.com

European digital banks 2020, by funding amount

In early May 2020, the Berlin based mobile bank N26 saw extended series D funding bring the company's total funding to over 780 million U.S dollars, making it the second highest funded online-only bank in Europe at the time. As of February 2020, N26 boasted 5 million customers, second only to the London based firm Revolut. On the 17th of February 2020, Revolut closed their latest funding round of series D funding, raising 500 million U.S dollars and bringing them the title of highest funded digital bank in Europe. Although disruptor banks have seen breakneck growth in users, they still pale in significance compared to some European traditional banks. That being said, disruptor banks are now a major concern when it comes to competing for revenues.

The change in how people bank

Across Europe, individuals are adopting new technologies and methods as to how they access and interact with their chosen banks. Online banking has now become the norm when it comes to opening new accounts.

Venture capital unicorns

As of February 2020, there were four European digital banks that had become unicorns. Unicorn companies are those in which have had venture capital investment and have exceeded company valuation of over one billion U.S dollars.

Total value of funding at select online only banks in Europe as of May 2020

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until October 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

May 2020

Region

Europe

Survey time period

May 18, 2020

Supplementary notes

* Original figures were in GBP. Exchange rate used was as of date of extraction at 1 GBP= 1.29 USD.
Figures have been rounded.
** Original figures were in EUR. Exchange rate used was as of date of extraction at 1 EUR= 1.1 USD.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

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

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.