COMPANY PROFILES
Avuba
Avuba provides payment products and mobile-first bank account to market. It was closed in Jan 2017.
Product services: NEOBANKS / DIGITAL BANKS
Monese
Monese is an online banking service that aims to provide better banking for individuals and businesses. Monese allows customers to open a UK current account on their mobile in minutes, regardless of their citizenship. It offers modern banking facilities, such as online and mobile banking, cash withdrawals, card payments and international money transfers. It works in partnership with multiple banks across the Europe, instead it holds an e-money license, issued by the UK's Financial Conduct Authority.
Product services: NEOBANKS / DIGITAL BANKS, OVER THE TOP
Paytm
Paytm is a subsidiary unit of One 97 Communications. It is a mobile commerce and wallet platform that allows users to transfer money, do mobile top-ups and pay utility bill payments, and also allows users to make online purchases. In March 2017, Paytm started bill payments and rewards solutions for Canadain users. In November 2017, the company launched a Paytm Payments Bank, a separate business entity after receiving payments bank license from RBI.
Product services: NEOBANKS / DIGITAL BANKS, LICENSED DIGITAL BANKS, PAYMENTS, MOBILE/DIGITAL WALLET, BILL PAYMENTS
Simple (Acquired/Merged)
Simple was acquired by Banco Bilbao Vizcaya Argentaria bank on February 20, 2014. Simple is mobile/web interface which provides users with access to data around their financial history, as well as tracking of expenditures and savings goals, with automated purchase data collected when its customers use their Simple Visa debit card.
Product services: NEOBANKS / DIGITAL BANKS, OVER THE TOP
Touch Bank
Touch Bank is an online retail bank and an international project of OTP Group, a European financial group. Touch Bank operates under OTP Bank’s license and is regulated by the Russian law on credit institutions.
Product services: NEOBANKS / DIGITAL BANKS, OVER THE TOP
Lunar Way
Lunar Way is digital banking solution. They want to provide the mobile banking experience for the millennial generation in Scandinavia.
Product services: NEOBANKS / DIGITAL BANKS, OVER THE TOP
Revolut
Revolut offers its customers a global money app that claims to cut hidden cross-border fees to zero. It allows customers to exchange currencies at perfect interbank rates, send money through social networks and spend with a multi-currency card everywhere Mastercard is accepted. It also facilitates users with all services on their mobile app. The online and in-store purchases done by the card are free of charges and the ATM withdrawals done by the customer, provides them with the local currency at the best possible exchange rate. Revolut plans to add support for cryptocurrencies, stocks, and bonds. It is also going to expand to North America and Asia. Recently, the company applied for a banking license in Lithuania. Revolut also plans to build its own payment processing network. (Nov. 2017)
Product services: NEOBANKS / DIGITAL BANKS
Number26
Number26 was rebranded as N26 in May 2016, it has built the mobile only banking application in Europe. It aims to revolutionize the traditional banking industry and how people spend.
Product services: NEOBANKS / DIGITAL BANKS, LICENSED DIGITAL BANKS
Nubank
Nubank is a mobile-based credit card provider in Brazil. It provides a detailed credit analysis for the consumer. It also helps users to track their finances in real time and provides them with additional features like card blocking, exchange rates etc.
Product services: PERSONAL FINANCE MANAGEMENT, WEALTHTECH (RETAIL), NEOBANKS / DIGITAL BANKS, OVER THE TOP
Fidor Bank (Acquired/Merged)
Fidor Bank is a digital bank founded in Germany in 2009 in an effort to re-establish lost confidence in banking with new and customer-focused services, enabling its customers to actively participate in the bank’s decision-making processes. BPCE has acquired Fidor Bank on July 2016.
Product services: NEOBANKS / DIGITAL BANKS, LICENSED DIGITAL BANKS
GoBank
GoBank is an online bank that offers cash and direct deposits, photo check deposits, an ATM network
Product services: NEOBANKS / DIGITAL BANKS, OVER THE TOP
Starling
Starling, is aiming to lure the mobile-focused customers and provide a superior current account service to those offered by the incumbent high-street banks. Currently, the company is planning to launch digital banking service in Ireland in Q1 2018.
Product services: NEOBANKS / DIGITAL BANKS, LICENSED DIGITAL BANKS
Monzo
Monzo is a mobile-only bank that offers digital banking services to users like bank accounts and debit cards. They can load money onto the card every month and spend it at shops, ATMs and online. The users also receive real-time feedback regarding their spending. In April 2017, the company received full UK banking license from the FCA and PRA, and currently operates as a fully authorised bank.
Product services: NEOBANKS / DIGITAL BANKS, LICENSED DIGITAL BANKS
BuddyBank
BuddyBank is UniCredit’s capital-light and mobile-only bank services to counter fintech challenges.
Product services: NEOBANKS / DIGITAL BANKS, OVER THE TOP
Compte Nickel
Compte Nickel was acquired by BNP Paribas in April 2017. It is an online banking platform that allows users to make and receive payments, transfer money, make withdrawals and deposit cash. Users can open an account in less than 10 mins. They can control their spending with 100% real time payment and very detailed information.
Product services: NEOBANKS / DIGITAL BANKS
Atom Bank
Atom is a startup bank which has been authorized by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA.
Product services: NEOBANKS / DIGITAL BANKS, LICENSED DIGITAL BANKS
Tandem
Tandem is a banking tech platform that provides consumers with digital banking services like current accounts, credit cards, loans and other features. The company received its banking license in 2016 and launched their services in beta version for more than 10,000 customers. Currently, the company is in product development stage and planning to roll out service in early 2017.
Product services: NEOBANKS / DIGITAL BANKS, LICENSED DIGITAL BANKS
Koho
Koho is a banking platform to brings digital services for canadian customers. Koho leverages the Canadian banking system by partnering with a chartered federal financial institution who holds users funds. It is a web app and mobile app that allows the users to complete manage their day to day account(direct paycheque load, bill pay, atm, photo cheque etc), while offering tools such as goals, cash flow projections, group spending and transfers, spending insights and categorizations and much more. It also offers prepaids cards to their customers.
Product services: NEOBANKS / DIGITAL BANKS, OVER THE TOP
N26
N26 (fka Number26) is a product of Papayer GmbH. It is a licensed German mobile-only bank. It offers mobile banking services to consumers. The company offers opening of a free checking account along with a MasterCard, and a smartphone application that enables users to manage their finances in real-time.
Product services: NEOBANKS / DIGITAL BANKS
Tide
Tide is a mobile banking platform for small businesses. Business owners can open an account within 3 minutes on their app.
Product services: NEOBANKS / DIGITAL BANKS, OVER THE TOP
