Neobankbeat

Every neobank in one place. Compare custody, cards, yield, stablecoins, audience and geography, side by side.

[Neobankbeat @neobankbeat]

I got tired of every "best neobank" list being an affiliate ad.

So I built neobankbeat: 365 neobanks compared on what actually matters, custody, licences, card rails, stablecoins, yield.

Zero affiliate links. Open data (MIT). Free forever.

[Neobankbeat @neobankbeat]

Uncomfortable number for European fintech:

2% of the world's reported neobank users are in Europe + the UK.

Monzo would need to grow 33x to catch WeBank.

[Neobankbeat @neobankbeat]

The investors who bet hardest on neobanks:

Ribbit Capital — 14 Tiger Global — 13 SoftBank — 12 Tencent — 12 Y Combinator — 9

Ribbit is the only firm long all three waves. That portfolio is a map of where banking goes next.

[Neobankbeat @neobankbeat]

@lifeofedi_ @waverchocs @timmyisagod @evolutionapp_ @francescoswiss if you find any neobank missing feel free to submit it and we will review! https://t.co/nt4gvW6fPg

[Neobankbeat @neobankbeat]

@Rushweb3 @Mars_DeFi which ones?

[Andy @andyyy]

Neobanks are gonna have an insane run the next few years man…the growth of the leaders is already astounding.

In institutional convos, you hear a lot about fintech’s all moving towards bringing a lot of their consumer activity onchain.

It will only continue from here as many realize the advantages.

Frax is very well positioned for this wave.

[Neobankbeat @neobankbeat]

@andyyy agree Andy on the insane run, better to start tracking infra providers

[Neobankbeat @neobankbeat]

@mrboqer @francescoswiss 🔥🔥

[Neobankbeat @neobankbeat]

@Mars_DeFi nice post Mars!

[Mars_DeFi @Mars_DeFi]

Neobanks onboarded 1.46B users worldwide, yet the same model quietly produced some of fintech's biggest structural failures.

Let's examine what broke beneath the surface.

—
● The Rise of Neobanks

Neobanks have become one of fintech's biggest success stories, serving 1.46B users while reshaping banking far beyond Western markets.

• Asia: 817M users
• Latin America: 354M users
• Africa: 105M users
• US + Europe: 112M users combined

The biggest success stories weren't built where banking already worked. They emerged in regions where millions lacked access to credit, bank accounts, and modern financial services.

—
● Where Neobanks Actually Failed

Most users believe they're depositing money into a bank, but in reality they're trusting an app that often relies on someone else's banking infrastructure.

Out of 368 active neobanks, only 127 hold a banking license, while nearly 65% depend on sponsor banks, BaaS providers, payment processors, or card issuers to operate.

• 368 active neobanks globally
• Only 127 hold a banking license
• Around 65% rely on third-party infrastructure
• Customers rarely notice this dependency until the underlying rails fail

—
● Who's Actually Winning?

The winners either own critical infrastructure or eliminate third-party dependencies.

• @WeBankCN : 400M+ users and profitable, serving more customers than every US and European neobank combined.

• @nubank: 131M customers, full banking licenses, and profitable credit operations across Latin America.

• @Revolut: 50M+ users, profitable payments business, and progressing toward a full UK banking license.

• @gcashofficial: 94M users, dominating digital payments across the Philippines.

• @bancoplatamx: $600M+ ARR in 36 months, reaching a $5B valuation in 2026.

• @slashapp: Annualized revenue grew from $10M to $250M+ in just two years.

• @kontigo_app: $30M annualized revenue, $1B transaction volume, and 1M users on a web3-native model.

• @gnosispay: Self-custodial Visa payments powered by smart accounts instead of custodial balances.

• @Avici: Self-custodial wallet, Visa card, and native DeFi yield in one platform.

• @RedotPay: Processed $2.95B in card volume during 2025, proving stablecoin payments can scale globally.

—
● Wrap-Up

The first generation of fintech/neobanks proved people want digital banking.

The second generation is discovering that the infrastructure underneath those apps is fundamentally broken.

The third generation is trying to fix that using self-custody, stablecoins, AI, and eventually AI agents.

Chart: @neobankbeat

[Neobankbeat @neobankbeat]

Find all the 200+ investors of neobanks

https://t.co/eAU1eFsHNb

[Neobankbeat @neobankbeat]

Of 365 money apps we track, exactly 13 work with zero KYC.

All 13 are self-custodial wallets. None of them issues a card without identity checks.

That's the entire no-KYC landscape in two sentences.

[Neobankbeat @neobankbeat]

@0xshei 300+ neobanks out there. and see a lot of going in bankruptcy too quickly Shai

[Neobankbeat @neobankbeat]

@OurielOhayon @francescoswiss Good catch @OurielOhayon updated. Zengo profile now shows acquired by eToro (Apr 2026) on funding + who-owns: https://t.co/oZIvj2hrVZ. Wallet still listed as active/self-custodial. Thanks for the nudge.

[Neobankbeat @neobankbeat]

@OurielOhayon @francescoswiss checking

[Koki @k0k1eth]

CEXs started to shutting down, next will be neobanks

There are way too many neobanks with focus only on their cards and CT which is a net negative move which will result in many of them shutting down

I believe in the next 18 months we going to see that happen

[Neobankbeat @neobankbeat]

@daniel_bmn @francescoswiss modifying, thanks for the feedback

[Neobankbeat @neobankbeat]

@pikachu_703 @francescoswiss on it

[Neobankbeat @neobankbeat]

@LluisBardet @francescoswiss thanks Lluis

[Neobankbeat @neobankbeat]

@estedia21 @francescoswiss @fasset_official pleasure, let me know if any info is missing from the company page

[Neobankbeat @neobankbeat]

@PhiMarHal @francescoswiss best friend