// SECTOR DOSSIER
Banking Unicorns
Every Banking unicorn we track — 36 private companies valued $1B or more, tiered by paper valuation. Combined balance sheet myth: $257B.
TIER 2 // PRIORITY TARGETS
The Decacorns $10B – $99B · 5
TIER 3 // STANDING HORDE
The Unicorn Herd $1B – $9.9B · 31
- Toss (Viva Republica)$9.1BSOUTH KOREA
- Airwallex$8BAUSTRALIA
- Razorpay$7.5BINDIA
- Trade Republic$5.3BGERMANY
- Qonto$5BFRANCE
- Mercury$3.5BUNITED STATES
- N26$3.5BGERMANY
- OakNorth$2.8BUNITED KINGDOM
- Thought Machine$2.7BUNITED KINGDOM
- Monzo$2.5BUNITED KINGDOM
- C6 Bank$2.28BBRAZIL
- Akulaku$2BINDONESIA
- Bunq$1.9BNETHERLANDS
- Solarisbank$1.65BGERMANY
- dLocal$1.5BURUGUAY
- Tide$1.5BUNITED KINGDOM
- Lending Club$1.5BUNITED STATES
- Starling Bank$1.5BUNITED KINGDOM
- TymeBank$1.5BSOUTH AFRICA
- Slash$1.4B
- Unit$1.2BUNITED STATES
- Zopa$1BUNITED KINGDOM
- TrueLayer$1BUNITED KINGDOM
- Trustly$1BSWEDEN
- WeLab$1BCHINA
- Neo Financial$1BCANADA
- Lunar$1BDENMARK
- Rho$1BUNITED STATES
- 10x Banking$1BUNITED KINGDOM
- Treasury Prime$0.5BUNITED STATES
- Relay$0.4BCANADA