Digital banks need to increase profit per customer by €60 to €100 to achieve valuation comparable to industry

https://www.mckinsey.de/~/media/McKinsey/Industries/Financial%20Services/Our%20Insights/Detour%20An%20altered%20path%20to%20profit%20for%20European%20fintechs/Detour-An-altered-path-to-profit-for-EU-fintechs.pdf