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The Rise of Neobanks: Meet The New Digital Challenger Banks

The Rise of The Neobanks: Title

The Rise of The Neobanks: Part 1

The Rise of The Neobanks: Part 2

The Rise of The Neobanks: Sources

The Neobanks

Neo BanksYear FoundedTrustScore
Revolut20164.7
N2620133.9
Monzo20154.4
Monese20134.4
Yolt20174.4
Tandem20153.5
Pockit20143.9
Starling20144.5
Tide20154.2

Neobank Customer Number Growth

Neo BanksNumber of Customers (2018)Number of Customers (2019)% -/+
Revolut3,000,0008,000,000166.67%
N262,000,0003,500,00075.00%
Monzo2,000,0003,000,00050.00%
Monese700,0001,400,000100.00%
Yolt500,000900,00080.00%
Tandem500,000500,0000.00%
Pockit400,000500,00025.00%
Starling400,000800,000100.00%
Tide56,00085,00051.79%

Number of banks used by individuals in the UK 2019

  • 1 bank: 34%
  • 2 banks: 35%
  • 3 banks: 18%
  • 4 banks: 6%
  • 5 banks: 4%
  • 6 banks: 1%
  • 7+ banks: 1%

For more about bank accounts see:

  • Business Bank Accounts
  • Start-Up & New Business Bank Accounts
  • Free Business Bank Accounts
  • Sole Trader Bank Accounts
  • Business Credit Cards
  • Unsecured Business Loans
  • Commercial Mortgages

Sources:

https://www.statista.com
https://n26.com/
https://monzo.com/
https://monese.com/
https://www.pockit.com/
https://www.starlingbank.com/
https://www.tandem.co.uk/
https://www.dozens.com/
https://www.tide.co/
https://www.revolut.com/
https://getcoconut.com/
https://www.curve.app

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