Challenger Banks in Europe

Challenge Accepted

Thomas Olszewski
Feb 15, 2017 · 2 min read

Digital challenger banks (new banks that compete with older established banks) have raised more capital than any other FinTech vertical in Europe. Mired in controversy, acquisitions, mega-rounds, and mega-write-downs, challengers are now headline news in tech/business press on a weekly basis.

European challenger banks

These European phenomena are enabled by new regulations that make it easier than ever to start a bank. Will this emerging breed of challengers displace high street banks? Read on to learn how:

  • Incumbents have paved the way for challengers through persistently low customer satisfaction. The largest UK bank has an NPS of -24, and the largest 2 banks in the Germany have an NPS of -8 and -22.

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At the Front Line

Frontline is a venture capital firm that invests across Europe and the US in companies that want to fulfil their global potential.

Thanks to Kim Pham

Thomas Olszewski

Written by

Founder & CEO of Koyo. We help people build credit through our online loans and credit card

At the Front Line

Frontline is a venture capital firm that invests across Europe and the US in companies that want to fulfil their global potential.

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