2019 is shaping up to be the year of the challenger bank. N26, Revolut, Chime, Monzo — all have raised large rounds of capital to compete for new customers. They’ve created apps that millions of their customers love using. And in 2019, competition is heating up.
Revolut and N26 have their sights set on U.S. banking licenses. US-based Chime has opened two million fee-free online checking accounts and is adding more customers each month than Wells Fargo or Citibank.
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