Top 20 Neo-Banks of 2020

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The Top 20 Neo-banks of 2020 research aims to highlight the exponential momentum in the neo-banking space through the most promising independent neo-banks across the world.For the purpose of this research, we have defined ‘Independent Neo-Banks‘ as digital banking startups with independent ownership, i.e. they are not a subsidiary of an existing enterprise such as incumbent financial institutions, e-commerce firms, telcos, social media firms etc.The study ranks the neo-banks on the basis of valuation and compares them across various parameters such as user base, funding, investors and more.Note: The data pertaining to this study is limited up to December 2020 and may not reflect recent changes in data points such as valuation, funding and user base numbers, etc.Top 20 Most Valued Neo-banks Valuation data has been taken from publicly available sources such as press releases, and estimations from ,dealroom.co, FintechLabs, etc.The neo-bank phenomenon continues to go from strength to strength amid the coronavirus-fueled digital acceleration in 2020.The Usual ✅ Suspects: The top 2 Neo-banks on the list are Chime from the US and NuBank from Brazil.The US and the EU (the UK included) contribute the maximum number of neo-banks to the list, 7 each.The Unusual Suspects:Tinkoff, a Russian Challenger Bank, takes […]

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