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Report Finds Total Global Investment in Digital Banks Topped $3.7Billion in Q1 2021

Challenger Insider has recently released The Global Digital Banking Investment Report and has found that the total amount of investments in digital banks globally within the first quarter of 2021 exceeded $3.7 billion over a total of 42 deals.

The report also found that the highest number of investments in digital banks in the first quarter of 2021 were made in the USA, UK and Mexico, respectively. In the first quarter, 12 digital banks from the US, 8 digital banks from the UK and 3 banks from Mexico managed to receive a new round of investments. In term of amount, and the most investment was realised in the UK with $655 million.

Other report highlights include:

  • The biggest investment in South America this quarter was Nubank, with $400million, increasing its total investment amount to $1.2billion.
  • Europe witnessed its biggest investment tour this quarter, with the BNPL service, Klarna, receiving an investment of $1 billion.
  • WeLab, one of Hong Kong’s virtual banks, collected the highest amount of investment from Asia this quarter, closing a $75 million Series C Investment.

The Global Digital Banking Investment Report will be available every quarter for free, giving a snapshot of the previous quarter, and publishing an expert analysis along with expectations for the future of digital banking. The report focuses on trends in digital banking investments at both national and regional levels. It aims to serve as a guide for this interested in the banking world, digital banks looking to invest and VCs who want to add digital banks to their portfolio.

Every issue of the report will include; the distribution of investments by months and quarters with a statistical view; all-digital bank investments, amounts and investors in the relevant quarter; analysis of the trends in digital banking in a regional and global overview; and in-depth analysis of quarterly investments in digital banking.

To find out more and to read the report in full, click here.

Author

  • Polly is a journalist, content creator and general opinion holder from North Wales. She has written for a number of publications, usually hovering around the topics of fintech, tech, lifestyle and body positivity.

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