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Tinkoff Bank | Neo-Bank Strategy Deep Dive

November 11, 2020

Tinkoff Bank | Neo-Bank Strategy Deep Dive

Tinkoff has managed to do what only a select few #neobanks have done so far – become profitable and successfully so, from its 3rd year of operations way back in 2009.

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Tinkoff has managed to do what only a select few #neobanks have done so far – become profitable and successfully so, from its 3rd year of operations way back in 2009.

The neo-bank has pioneered #LifestyleBanking in Russia by bundling value-added services like travel & entertainment bookings, a mobile network and a Jack-of-all-trades #SuperApp to cater to every financial & day-to-day lifestyle need.

All these achievements are pretty evident through their numbers:

11.2 million users as of June 2020, with an impressive 6.1 million monthly active users.

A strong $5.6 billion valuation on the London Stock Exchange.

Increase in share of non-credit revenues from 30% to 37% in H1 2020n

Net profit ratio of 22% and a healthy cost to income ratio of 37% for FY19n

#Tinkoff has emerged as the dark horse in the neo-banks race and it isn’t slowing down anytime soon from the looks of it.

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