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Less Than 5% of the World's 400 Neobanks are Profitable

Neobanking has been one of the most talked about fintech segments of the past decade, a buzzing industry that’s seen an average of 68 new ventures being launched each year since 2017, data from consulting firm Simon-Kucher show. But despite the craze, a new research shows that neobanks are actually struggling to turn a profit, with only a mere 5% of the world’s reported 400 digital banks reaching breakeven. ....

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Neobanks vs Traditional Banks: Is the War Already Over?

Neobanks have changed the way people do banking these days. ....

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