The most valued independent neobank in 2021 was Brazilian Nubank, at 45 billion U.S. dollars, thus stealing the position from Chime - the highest valued independent digital bank in 2020. Chime was valued at 14.5 billion U.S. dollars in 2020, while Nubank was second that year, with 10 billion U.S. dollars. Chime did also increase their value in 2021 however, up to 25 billion U.S. dollars, making it the third most valued independent neobank, after Nubank and Revolut.
How big is the neobank market?
The market for neo- and challenger banks is growing rapidly, and is expected to continue to grow at an annual average rate of over 50 percent until 2030. With this growth rate, neobanks will reach a market size of over two trillion U.S. dollars by 2030.
Funding of neobanks
As the market for challenger banks has expanded in recent years, it has attracted an increasing volume of funding from investors to develop their business. Chime and Nubank accounted for the two largest neobank individual funding rounds in 2021, each at 750 million U.S. dollars.
