💥A comparative Insight into Digital Banking Performance in 2024💥 Nubank astounds with a remarkable financial turnaround, posting $1,030m in profits and an impressive revenue surge to $8,028m, demonstrating effective cost management and aggressive market penetration.
Revolut transitions from red to black, achieving profitability in 2021 with smart diversification and technological advancements, expecting to boost revenue to $1,875 million for 2023. ► Monzo Bank's growth and market expansion have been steady, but profitability has been .
elusive. However, with last year's achievement of monthly profitability, there's optimism about maintaining this trend in the 2024 financial statements. Monzo aims for this year to signal a clear path to sustained profitability Starling Bank showcases a sustainable growth model
with a profit of $179m, supported by strong customer deposits and a focus on both retail and business sectors Market Valuations and Customer Engagement: ► Nubank leads with a market cap of $51.8 В and a customer base of 95 million, demonstrating a high ARPU of $84.5.
► Revolut has the lowest ARPU at $30.3, potentially reflecting its previous strategy of attracting a high volume of users with low-cost services, while it holds a significant valuation of $25.7B, as last week emerged that Schroders Capital Global Innovation Trust has
revalued its stake in Revolut upward by 45%, underscoring its solid market positioning and the optimism surrounding its financial trajectory ► On its side, Starling is in a phase of stabilization following the departure of its CEO in June 2023. With Raman Bhatia now at the