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Digital banks with loan books above $250 million more likely to reach profitability

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Digital banks with loan books above $250 million more likely to reach profitability
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Digital banks with loan balances above $250 million are significantly more likely to be profitable, as scale and product diversification strengthen revenue. Most reach breakeven within three to six years. For those still unprofitable past the seven-year mark, N26 in Germany, Varo Bank in the US, Lunar Bank in Denmark and CIMB Bank Philippines among them, face an increasingly difficult case for continued investment.

https://tabinsights.com/article/digital-banks-with-loan-books-above-250-million-more-likely-to-reach-profitability

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