This article details 10 new neobank solutions offering digital-first experiences to consumers. Leveraging technologies like AI, blockchain, and advanced analytics, neobanks address issues such as slow transaction speeds, high fees, and limited accessibility. AI enhances customer service through chatbots and personalized financial advice while blockchain ensures secure, transparent transactions. However, these advancements bring difficulties such as regulatory compliance, data security, and the need for technological infrastructure. Emerging neobanking companies leverage technologies to avoid these issues and deliver a more efficient and user-friendly banking future. This report was last revised 5 days ago. See a missing piece? Your input can help — contact us.
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Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the neobanking sector. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Latest Neobanking Trends: The latest neobanking trends include hyper-personalization, cryptocurrency integration, open banking, and embedded finance.
- Neobanking Industry Stats: The sector comprises 2K+ organizations worldwide. Out of these, 750+ new neobanking companies were founded in the last five years, with 2020 as the average founding year. On average, each of these companies employs about 44 people. Moreover, the average funding received by these 750+ neobanking companies per round in the same span is USD 16.2 million.
- 10 New Neobank Companies to Watch:
- Neofie – Banking-as-a-Service
- Tokenizer – Crypto & Fiat Neobank
- planet9 – Emergency Loans for Migrants
- Neko – Custom Neobanking Apps
- unibo – Real Estate Neobank Platform
- XFIN – No-Code Digital Small Bank Platform
- MELD – Web3 Banking Stack
- Qbit – Global Fund Management Platform
- BanxWay – Core Banking Software
- Box Processing – SaaS Credit Platform
Discover 10 out of 750+ Emerging Neobank Solutions
In this section, we highlight 10 top neobanking solutions that offer technological changes in the financial sector. These companies provide more efficient and accessible banking services. By leveraging technologies such as machine learning, biometric authentication, cloud computing, and API integration, these neobanks advance digital banking.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Neofie
- Founding Year: 2021
- Employee Range: 51-100
- Location: USA
- Signal Strength: Strong
- What they do: Neofie builds a banking-as-a-service platform by combining web and mobile apps, a payment switch, bank sponsorships, and know-your-customer (KYC)/anti-money laundering (AML). The company’s solution offers mobile open mesh banking architecture (MOMBA) and a digital currency platform. Moreover, its embedded finance solution simplifies back-end processes while enhancing consumer acquisition and customer relationships. Neofie’s solution digitizes infrastructure, ledger, and end-user experiences to provide real-time processing and cloud-native financial services. The platform supports deposits, account inquiries, fund transfers, and multi-currency operations through APIs to enable open banking and improve customer experience.
2. Tokenizer
- Founding Year: 2023
- Employee Range: 11-50
- Location: USA
- Signal Strength: Very Strong
- What they do: Tokenizer’s digital platform includes online banking account services that provide management of personal and US business finances with a fee-free structure and no minimum balance requirements. The platform offers VISA debit cards in physical and virtual forms for secure and accessible transactions. These cards enable easy shopping, cash access at ATMs worldwide, and secure online transactions to simplify banking operations.
3. planet9
- Founding Year: 2023
- Employee Range: 11-50
- Location: UAE
- Signal Strength: Medium
- What they do: planet9 provides emergency fund solutions for migrants. The company’s platform partners with banks and utilizes remittance data to offer a fast and convenient loan process. These funds are obtained via transfers from their phones or partner branches with minimal paperwork and only a passport. Instant loan approval provides quick access to necessary funds. Moreover, the company’s same-day funding supports immediate financial needs.
4. Neko
- Founding Year: 2022
- Employee Range: 2-10
- Location: Portugal
- Signal Strength: Strong
- What they do: Neko develops custom neo-banking software applications, including virtual banking systems, digital wallets, mobile payment solutions, peer-to-peer (P2P) transfers, and financial analytics tools. The company’s user-centric mobile banking applications improve account management by incorporating multi-factor authentication (MFA), encryption, and secure data storage. Its payment and transfer functionalities enable P2P payments, fund transfers, and transaction management. Advanced financial management tools offer budgeting, expense tracking, goal setting, and personalized financial insights.
5. unibo
- Founding Year: 2021
- Employee Range: 11-50
- Location: Spain
- Signal Strength: Very Strong
- What they do: unibo provides a digital banking portal for property administrators and community managers. For instance, the portal performs single euro payments area (SEPA) direct debits, returns, and transfers, with account visibility and control. Moreover, the portal filters transactions by date, owner, concept, or amount to offer a general overview and detailed account views. These solutions simplify the management of property-related finances.
6. XFIN
- Founding Year: 2022
- Employee Range: 11-50
- Location: India
- Signal Strength: Medium
- What they do: XFIN builds a no-code digital banking platform that combines financial products, security infrastructure, mobile apps, and partner APIs. With several pre-built features, the platform deploys digital banks in 30 days. Its security measures include two-factor authentication (2FA), personal identification number (PIN), app shielding, and real-time alerts to reduce fraud. The admin command center manages user channels, APIs, card controls, and analytics while supporting SME tools like invoicing and payroll. Also, its peak-n-low handling architecture auto-manages transactions.
7. MELD
- Founding Year: 2021
- Employee Range: 11-50
- Location: Cayman Islands
- Signal Strength: Very Strong
- What they do: MELD offers a non-custodial decentralized finance (DeFi) protocol for web3 finance to offer cross-chain lending, borrowing, and staking. MELD’s ecosystem includes a high-speed, low-cost proof-of-stake Ethereum virtual machine (EVM) blockchain, which integrates core DeFi mechanics for direct access to financial services. MELDapp, a multi-chain crypto wallet, supports multiple blockchains. The MELD token operates natively on Cardano, Ethereum, Avalanche, Polygon, BSC, and MELD Blockchain. With this, the company bridges the gap between crypto and fiat systems.
8. Qbit
- Founding Year: 2019
- Employee Range: 51-100
- Location: China
- Signal Strength: Very Strong
- What they do: Qbit’s fund management platform digitizes cross-border payment and banking infrastructure. It supports multi-currency domestic accounts for global transactions and integrates with platforms like Shopify and PayPal. The platform’s customizable role-based workflows improve information security and teamwork efficiency. The supply chain finance system also offers unsecured loans with dynamic annual percentage rates (APR) and quick fund disbursement. Moreover, the platform supports real-time payments, instant settlements, and multi-account collections from marketplaces like eBay and TikTok.
9. BanxWay
- Founding Year: 2022
- Employee Range: 11-50
- Location: Switzerland
- Signal Strength: Medium
- What they do: BanxWay provides core banking software. It features a modular architecture that supports digital transformation initiatives, allowing for gradual and radical changes with deployment control. It leverages N-Tier architecture and Microsoft infrastructure to provide security with an integration layer and end-user service interface standards. Moreover, its mobile neobanking app allows regular banking from any location. With this, BanxWay automates B2B payment flows to enhance team productivity and reduce operating costs.
10. Box Processing
- Founding Year: 2019
- Employee Range: 2-10
- Location: UK
- Signal Strength: Very Strong
- What they do: Box Processing builds a SaaS credit platform that manages credit limits and account balances as well as authorizes spending in real time. It disburses loans, collects savings, calculates accrued interest and fees, and provides statement data. The platform also triggers repayments, updates funds received, and reports to general ledgers. Additionally, its features include APIs for integration, a rules engine linking account behavior to events, and a product designer for controlling financial products. The company’s developer sandbox further accelerates integration and testing while cloud deployment ensures scalability and performance. The platform also connects with third-party card processors for Visa and Mastercard, and payment processors for direct debit and automated clearing house (ACH) transactions.
Quick Tip to Find New Neobank Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new neobanking companies provides significant benefits compared to traditional scouting methods:
- Increased Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying neobanking innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in neobanking. The platform keeps you informed with near real-time updates on emerging neobanking solutions and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the neobanking sector, such as core banking software or cash management services. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All New Neobank Companies?
We’ve explored the dynamic landscape of neobanking, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free FinTech Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments. We’re looking to collaborate with knowledgeable insiders to enhance our analysis of startups and tech trends. Join us!
