Funding to US-based challenger banks in 2021 has already surpassed last year’s record-breaking year-end total, reflecting a broader shift in their battle with incumbents.

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Armed with newly fortified balance sheets and riding a wave of digital-first momentum kicked off by the pandemic, many leading challenger banks are expanding their product suites to more closely mirror traditional banks.

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The post Challenger Bank Funding Is Skyrocketing. Here’s What Comes Next appeared first on CB Insights Research.

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