Revolut vs. Nubank. Who performs better?

"Let's dive in:

Size and Growth

Nubank and Revolut stand as two of the largest challenger banks globally, with Nubank leading the way with a massive customer base of 100 million.

Revolut, though smaller, is rapidly catching up, boasting nearly 50 million clients.

Both companies are experiencing significant growth, with annual increases hovering around 20%.

Despite Revolut's recent gains, Nubank still holds the title of the larger institution.

Profitability

Not long ago, challenger banks faced criticism for their lack of profitability. However, Nubank and Revolut have now turned the tide, reaching profitability.

While Nubank generates more revenue per customer ($80 compared to Revolut's$45), Revolut edges out slightly in profit per customer, earning $12 to Nubank's$10.

Differing Growth Approaches

The key difference between Nubank and Revolut lies in their growth strategies. Nubank has focused on deepening its presence in a few select markets, whereas Revolut has pursued a strategy of aggressive global expansion.

After a 2 years cool-down period, the digital bank race in South East Asia, including Vietnam, has become hot again this year."

Author

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