Top 10: Fastest Growing Neobanks

Introduction

In this article, we'll discuss neobanks, the top 10 fastest-growing ones, their features, and implementation considerations. We'll emphasize that neobanks are no longer experimental fintech applications.

Relatively recently, they have evolved into serious financial platforms with millions of users, powerful mobile products, diversified revenue models, and a growing influence in payments and other financial transactions.

For companies planning to enter the fintech market, the growth of neobanks now clearly demonstrates that users are ready for mobile financial products if they are simple, fast, secure, and based on real financial behavior.

This article explores the fastest-growing neobanks, their key growth signals, business models, and advantages. It also explains what companies can learn from leading digital banks, how to approach neobank launch step by step, and why a ready-made White Label solution can help businesses enter the market faster with lower development complexity.

This article was prepared by ilink, a software and blockchain development company.

Why Neobanks Are Growing So Fast

The neobank market is expanding because customers expect banking services to work like any other modern digital product, and therefore demand more and use them more frequently.

What underlies the growth of neobanks? According to Grand View Research, the global neobanking market was valued at $211.2 billion in 2025 and is projected to reach $9,384.73 billion by 2033, growing at a compound annual growth rate of 61.9% from 2026 to 2033. The same source attributes this growth to the growing demand for convenient banking services.

The market for digital banking platforms is also growing. According to Grand View Research, the global digital financial services market will reach $37.49 billion in 2025 and could reach $155.44 billion by 2033, growing at a rate of 19.8% annually. This demonstrates that companies are investing not only in banking apps but also in the infrastructure that underpins digital financial services.

This presents clear opportunities for businesses: a neobank can become a fully-fledged digital financial ecosystem with client onboarding, KYC procedures, payments, cards, wallets, analytics, security, cryptocurrency and fiat currency support, loyalty mechanisms, and customer engagement tools. This is a way to scale a business and enhance customer retention, as it is rapidly developing and growing.

How We Selected the Fastest Growing Neobanks

This ranking is based on publicly available growth signals, not only total customer count.

The key criteria include:

• Customer growth;
• Revenue growth;
• Profitability or progress toward profitability;
• Product expansion;
• Market expansion;
• Brand recognition;
• Business model strength;
• Ability to serve a specific audience better than traditional banks.

The list includes global neobank leaders, regional champions, and specialized digital banks that show how different growth models can work in practice.

1. Nubank

Nubank is one of the strongest examples of neobank growth at global scale.

The company started in Brazil and expanded across Latin America, focusing on mobile-first access, lower friction, simpler financial products, and underserved customers.

Nu Holdings reported that it reached 131 million customers globally by December 2025, after adding 17 million customers during the year. The company also said it added 4 million customers in Q4 2025 alone.

Nubank’s main advantages:

• Strong scale across Brazil, Mexico, and Colombia;
• Clear financial inclusion positioning;
• Simple mobile-first user experience;
• Data-driven credit and risk management;
• Ability to expand from cards into accounts, lending, investments, and broader financial services.

Business lesson:

Nubank shows that a neobank grows faster when it solves a real market pain and makes financial services easier for users who were underserved by traditional banks.

2. Revolut

Revolut is one of the best-known examples of a neobank turning into a financial super app.

It started with currency exchange and travel-friendly card services, then expanded into business accounts, investing, crypto, savings, lending, and broader financial tools.

Revolut reported 68.3 million retail customers by the end of 2025, with retail customers growing by 30% and business customers growing by 33%. The company also reported revenue growth of 46% to USD 6.0 billion and profit before tax of USD 2.3 billion.

Revolut’s main advantages:

• Broad product ecosystem inside one app;
• Strong international user experience;
• Multi-currency and travel-friendly functionality;
• Fast product expansion;
• Strong brand recognition in digital finance.

Business lesson:

Revolut proves that neobanks can grow beyond basic banking when they become daily financial platforms for multiple user needs.

3. Monzo

Monzo is a strong UK neobank known for user-friendly design, budgeting tools, community-driven growth, and clear product communication.

Monzo’s 2025 annual report showed 2.4 million new customers, taking the company to more than 12 million customers. It also reported 48% revenue growth to £1.2 billion and adjusted profit before tax of £113.9 million.

Monzo’s main advantages:

• Strong customer loyalty;
• Simple and human product experience;
• Popular budgeting and personal finance tools;
• Growth in personal and business accounts;
• Strong brand voice and community trust.

Business lesson:

Monzo shows that user experience can be a real growth engine in banking. A product does not need to feel complex to be powerful.

4. Chime

Chime is one of the leading neobank-style financial platforms in the United States.

Its growth is connected to accessible banking, low-fee positioning, early wage access, and products designed for users who may not be well served by traditional banks.

Chime reported 10.2 million active members in Q1 2026, up 19% year over year. It also reported net income of USD 53 million and revenue growth of 25% year over year.

Chime’s main advantages:

• Strong mass-market positioning;
• Low-fee banking experience;
• Early direct deposit and wage-access features;
• Clear focus on everyday financial needs;
• Growing monetization beyond basic banking.

Business lesson:

Chime proves that neobank growth can come from solving everyday financial pain, not from offering the largest number of features.

5. SoFi

SoFi started with student loan refinancing and expanded into a broader financial services platform.

Today, it combines lending, banking, investing, insurance, credit, and financial planning tools.

SoFi reported record Q1 2026 results, including record net revenue of USD 1.1 billion, record member growth, and net income of USD 167 million. The company also added 1.1 million new members in Q1 2026, reaching 14.7 million total members.

SoFi’s main advantages:

• Strong cross-selling model;
• High-intent customer base;
• Diversified product ecosystem;
• Lending and financial services expertise;
• Ability to grow from one product into a full financial platform.

Business lesson:

SoFi shows that a neobank can grow by owning more of the customer’s financial lifecycle, not just one transaction.

6. Starling Bank

Starling Bank is a UK digital bank with a strong focus on reliability, customer accounts, business banking, and banking technology.

Starling reported 4.6 million open customer accounts in 2025, up 10% from the previous year. Its revenue rose to £714 million, and customer deposits reached £12.1 billion.

Starling’s main advantages:

• Strong digital banking platform;
• Retail and business banking focus;
• High customer activity;
• Strong SME banking presence;
• Stable and mature operating model.

Business lesson:

Starling shows that growth in neobanking is not only about aggressive expansion. Reliability, deposits, business banking, and trust also matter.

7. Allica Bank

Allica Bank focuses on established small and medium-sized businesses.

Its positioning is different from many consumer neobanks because it targets SMEs that need relationship banking, lending, savings, and digital tools.

Allica reported strong 2025 performance, including a successful USD 155 million Series D funding round in February 2026 to support UK growth, AI investment, and international expansion.

Additional reporting stated that Allica’s FY25 gross revenue reached £371.3 million, up 27% from 2024, while gross profit after risk rose 32%.

Allica’s main advantages:

• Clear focus on established SMEs;
• Combination of digital tools and relationship banking;
• Strong product-market fit for business users;
• Focused growth strategy;
• Differentiation beyond generic retail banking.

Business lesson:

Allica proves that a neobank does not need to target everyone. A focused business banking niche can create strong growth.

8. Atom Bank

Atom Bank is a UK digital bank focused on savings, mortgages, and business lending.

Its growth model is based on specialization, digital efficiency, and strong customer value in selected product categories.

Atom Bank reported that customer numbers grew 19% in its 2025 financial year, while deposit balances grew by 31%. It also highlighted strong customer satisfaction, including a record Net Promoter Score of 89%.

Atom Bank’s main advantages:

• Specialized lending and savings model;
• Digital-first customer experience;
• Strong customer satisfaction;
• Lower overhead compared with branch-based banking;
• Clear focus on selected financial products.

Business lesson:

Atom Bank shows that specialization can be more effective than trying to launch every banking feature at once.

9. Tandem Bank

Tandem Bank is positioned as a greener digital bank.

Its growth is connected to sustainable finance, green lending, home improvement finance, and products that help customers reduce their carbon footprint.

Tandem reported 40% profit growth in its latest annual report, with underlying profit reaching £24.1 million, revenue up more than 9% to £98.7 million, and assets under management growing to more than £1.5 billion.

Tandem also announced that it surpassed £800 million in home improvement lending, with that lending growing 11.75 times since 2019.

Tandem’s main advantages:

• Clear green finance positioning;
• Strong sustainability narrative;
• Specialized lending products;
• Purpose-driven brand;
• Differentiation from generic neobank models.

Business lesson:

Tandem shows that values-based positioning can help a neobank stand out, especially when it is connected to real products.

10. Varo Bank

Varo Bank is a US digital bank with a national bank charter.

Its model focuses on accessible banking, lending, and financial products for users who may need more flexible digital financial services.

Varo raised USD 123.9 million in a Series G round in 2026 to scale its chartered banking and lending platform. Finovate reported that the company planned to use the investment to support its next growth phase.

Varo also reported USD 547 million in lending volume in 2025 through Varo Advance and Varo Line of Credit products.

Varo’s main advantages:

• National bank charter in the US;
• Financial inclusion positioning;
• Lending product expansion;
• Digital-first banking experience;
• Trust advantage from regulated banking status.

Business lesson:

Varo shows that licensing, trust, and lending strategy can become important advantages in digital banking.

What Fast-Growing Neobanks Have in Common

The fastest-growing neobanks do not grow because they simply copy traditional banking in mobile form.

They grow because they combine financial infrastructure with a clear user need.

Common patterns include:

• Clear audience positioning;
• Fast and simple onboarding;
• Mobile-first product experience;
• Strong payment and account functionality;
• Data-driven personalization;
• Security and trust;
• Product expansion from one core use case;
• Strong brand communication;
• Scalable technology infrastructure.

This is the main lesson for businesses planning to launch a neobank: technology matters, but positioning matters just as much.

What Businesses Can Learn from These Neobanks

The success of Nubank, Revolut, Monzo, Chime, SoFi, Starling, Allica, Atom, Tandem, and Varo shows that a neobank must be built around a real business model.

A neobank can target consumers, SMEs, freelancers, gig workers, marketplaces, crypto users, cross-border clients, or specific verticals.

The product can start with a limited set of services, but it must be easy to use, secure, scalable, and ready for future expansion.

The strongest neobank products usually include:

• Digital onboarding;
• KYC and identity verification;
• Accounts or wallet functionality;
• Payments and transfers;
• Card or virtual card management;
• Admin dashboard;
• Transaction monitoring;
• Analytics and reporting;
• Security and multi-factor authentication;
• API integrations;
• Customer support tools;
• Scalable backend architecture.

Step-by-Step Guide to Opening a Neobank

Launching a neobank requires both business planning and strong technical execution.

1. Define the target audience.

A neobank should not start with “everyone who needs banking.”

The company should decide who the product is for: retail users, SMEs, freelancers, creators, marketplace sellers, crypto users, international workers, or another specific segment.

2. Choose the business model.

The business model may include transaction fees, subscriptions, interchange, lending revenue, premium accounts, FX fees, partner revenue, or embedded financial services.

3. Define the core product.

A neobank can begin with a focused MVP.

The first version may include onboarding, KYC, wallet or account functionality, payments, transfers, cards, user profile, notifications, and admin tools.

4. Decide on licensing and partnerships.

A company needs to understand whether it will work with licensed banking partners, Banking-as-a-Service providers, payment processors, card issuers, KYC vendors, or compliance partners.

5. Build compliance workflows.

KYC, AML, transaction monitoring, sanctions screening, risk scoring, audit logs, and reporting should be planned from the beginning.

6. Design the user experience.

The product should make financial actions simple.

Onboarding, payments, account management, support, transaction history, and security settings should be clear and mobile-friendly.

7. Build the technology platform.

The platform needs secure backend architecture, APIs, databases, admin panels, payment integrations, user management, analytics, monitoring, and scalable infrastructure.

8. Test security and payment flows.

Before launch, the product should be tested for onboarding, payments, balances, transaction statuses, edge cases, compliance scenarios, load, security, and rollback.

9. Launch the MVP.

The first version should be focused enough to launch quickly, collect feedback, and prove demand.

10. Expand the product step by step.

After launch, the company can add cards, savings, crypto-fiat features, business accounts, lending, loyalty, analytics, open banking, or other financial modules.

A neobank can be built from scratch, but that usually requires more time, budget, integrations, compliance planning, and development effort.

With a White Label neobank solution, the launch can be faster because the core product foundation is already prepared. The business can focus on branding, audience, product positioning, integrations, and market entry instead of building every module from zero.

Why a Ready-Made Neobank Solution Can Be a Faster Path to Market

Building a neobank from scratch offers complete control, but can be expensive and time-consuming. Custom solutions require a large and costly team to clearly define your requirements and compliance, and to adhere to them throughout the development phase, which can last a year or more.

A ready-made neobank solution, or white label, helps companies reduce time to market and safely test hypotheses, as the fundamental infrastructure, user scenarios, security logic, and financial modules are already in place and ready for customization.

This approach is especially relevant for companies that want to test demand, enter the market faster, or launch a branded fintech product without waiting for a long custom development cycle.

The difference is simple:

• Custom development gives maximum control, but usually takes more time;
• White Label infrastructure helps launch faster with a ready foundation;
• Hybrid development combines speed with custom modules and business-specific logic.

ilink Ready-Made Neobank Solution

ilink offers a turnkey neobank solution for companies looking to quickly launch a digital financial product.

The solution is easily adapted and customized for companies looking to create their own fintech ecosystem with tools for:

• Digital finance,
• User acquisition,
• Security,
• Payments,
• Wallet functionality,
• KYC logic,
• Cryptocurrency and fiat capabilities,
• Transaction evaluation,
• Web3 technology
• Scalable architecture.

Neobank 1ndex is a financial super app with tools for storing, purchasing, exchanging, and transferring cryptocurrencies, KYT transaction evaluation, Web3 technology, and gas-free crypto transactions, where users can pay transaction fees in the same currency.

For businesses, this means that ilink's turnkey neobank foundation can help shorten the path from idea to launch. Instead of starting with a blank architecture, a company can build a product based on existing functionality and customize it to suit its audience, brand, and business model.

Checklist: What a Modern Neobank Solution Should Include

Before launching a neobank, businesses should check whether the product foundation covers the main requirements.

• Mobile-first user experience;
• Digital onboarding;
• KYC and identity verification;
• Payment and transfer functionality;
• Wallet or account functionality;
• Card management if required;
• Multi-factor authentication;
• Transaction monitoring;
• Admin dashboard;
• Analytics and reporting;
• API integrations;
• Security controls;
• Compliance-ready workflows;
• Scalable backend architecture;
• Customer support tools;
• Future product expansion modules.

A neobank doesn't need every feature from day one, so it's not a good idea to build every possible feature into a custom product that won't be needed after testing and market launch.

A neobank needs a foundation that can grow without forcing the company to redesign the product later.

Developing a Neobank from Scratch vs. Using a White Label Solutions

There are three main ways to launch a neobank.

Building from Scratch

This option is best suited for companies that require complete control, a unique architecture, and a long-term customized roadmap. It's suitable for companies that want to focus solely on the bank and its development. Developing a neobank from scratch provides maximum flexibility, but requires significant time, budget, and in-depth technical expertise.

Using a Ready-Made Neobank Solution

This option is best suited for companies that want to get to market faster and reduce initial development risks. A company can start with a ready-made product foundation and customize it to their brand, users, and market. This allows them to quickly test hypotheses, assess the needs of their audience, and scale based on specific data.

Customizing a Ready-Made Foundation

This option strikes a balance between speed and differentiation. A company can launch a product faster and then gradually add custom features, integrations, compliance logic, and product modules. For many fintech companies, this is the most practical path, as it avoids the delays associated with fully developing from scratch while still providing product differentiation.

Why Businesses Should Not Wait Too Long

Neobanking is becoming increasingly competitive, a growing shift confirmed by research and an impressive compound annual growth rate.

Large neobanks are constantly expanding their ecosystems, traditional banks are improving their digital products, and fintech startups are creating more specialized solutions for small and medium-sized businesses, freelancers, content creators, cryptocurrency users, and cross-border customers.

Companies that act early can test the market, gather user feedback, improve their product, and build relationships with customers before competitors become too powerful.

A neobank doesn't necessarily need to launch with a massive financial super app; it can start with a focused MVP, solve one clear problem, and gradually expand.

What the Fastest Growing Neobanks Prove

The fastest-growing neobanks prove that digital banking growth comes from a combination of speed, trust, user focus, product clarity, and scalable infrastructure.

• Nubank shows the power of financial inclusion.
• Revolut shows the value of a financial super app.
• Monzo shows the strength of UX and community.
• Chime shows the importance of solving everyday financial pain.
• SoFi shows how one product can expand into a full financial ecosystem.
• Starling, Allica, Atom, Tandem, and Varo show that specialization, trust, business banking, sustainability, and licensing can also become strong growth drivers.

For businesses, the opportunity is clear.

A ready-made neobank solution can reduce the time and complexity of launch while giving companies a foundation for their own branded digital financial product.

With ilink, businesses can move faster from idea to market and build a neobank that fits their audience, business model, and long-term fintech strategy.