TOP 10 04
Chime
US $ 25bn
Business Insider called Chime the largest single equity challenger bank in 2020 , having raised $ 500mn in a single round of funding to take its market valuation up to $ 5.8bn . Fastforward to today and the fintech ’ s market valuation has soared further still after $ 750mn of Series G funding was raised in 2021 .
Lead investors Sequoia Capital Global Equities were joined by firms General Atlantic and Tiger Global Management in growing the fintech ’ s market capital to $ 25bn as of Q4 2022 . Founded in 2012 , Chime offers fee-free mobile banking services provided by either The Bancorp Bank or Stride Bank , earning revenue from the collection of interchange fees .
03
Revolut
US $ 33bn
British neobank Revolut is a leading fintech specialising in mobile banking , foreign exchange , and money remittance . Since its founding in 2015 , the fintech has been through 18 rounds of funding , with a significant $ 800mn raised in July 2021 – making Revolut the most valuable UK tech startup at the time . 2021 marked the company ’ s first-ever year of profit , generating £ 26.3mn ($ 32.7mn ); it also reported positive Adjusted EBITDA of £ 100.3mn . More recently , 2023 has seen Revolut expand its offering by rolling out joint accounts and group chats in European markets .