Challenger banks have been expanding in recent years, attracting an increasing volume of funding from investors to develop their business. Brazilian neobank, Nubank, was the leading neobank in terms of capital raised as of April 2023, which amounted to 3.9 billion U.S. dollars. SoFi followed, with three billion U.S. dollars raised.
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Total funding raised by selected independent neobanks worldwide as of April 2023
(in million U.S. dollars)
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Website (topmobilebanks.com). (April 6, 2023). Total funding raised by selected independent neobanks worldwide as of April 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 06, 2025, from https://www.statista.com/statistics/1239684/leading-independent-neobanks-by-total-funding/
Website (topmobilebanks.com). "Total funding raised by selected independent neobanks worldwide as of April 2023 (in million U.S. dollars)." Chart. April 6, 2023. Statista. Accessed July 06, 2025. https://www.statista.com/statistics/1239684/leading-independent-neobanks-by-total-funding/
Website (topmobilebanks.com). (2023). Total funding raised by selected independent neobanks worldwide as of April 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 06, 2025. https://www.statista.com/statistics/1239684/leading-independent-neobanks-by-total-funding/
Website (topmobilebanks.com). "Total Funding Raised by Selected Independent Neobanks Worldwide as of April 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 6 Apr 2023, https://www.statista.com/statistics/1239684/leading-independent-neobanks-by-total-funding/
Website (topmobilebanks.com), Total funding raised by selected independent neobanks worldwide as of April 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1239684/leading-independent-neobanks-by-total-funding/ (last visited July 06, 2025)
Total funding raised by selected independent neobanks worldwide as of April 2023 (in million U.S. dollars) [Graph], Website (topmobilebanks.com), April 6, 2023. [Online]. Available: https://www.statista.com/statistics/1239684/leading-independent-neobanks-by-total-funding/
