Investment appetite in Fintech remains strong with much activity. UK business bank Tide recently completed a £44 mln fundraising at £200+ mln valuation. UK competitor Starling Banking raised £30 mln, bringing the total funding to £ 263 mln.
At the same time, Revolut is said to work on a $500m equity raise, together with a $1.0 bln convertible loan, valuing the company at $5-10bln. Chime reportedly is also in the process of fundraising, at over $5 bln valuation.
With the ongoing high valuations of Fintech and challenger banks, we have made an overview of the largest challenger banks worldwide by valuation. It shows that the top-15 challenger banks are valued over USD 70bn. The top-3 are from China, Brazil, and USA. However, if Revolut completes its funding round at the forecasted valuation, it will jump right into the top-3 position.
