The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Synopsis
Neo and Challenger Bank are fintech based financial providers that provided services digitally, includes companies that applied for their own banking license (categorized as Challenger Banks). and companies that partnered with a traditional bank to provide those financial services (categorized as Neo banks). Specifically, a neo bank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal
computer platforms only. In general, a neo-bank don’t have their own bank license – they are an institution that provides checking, a prepaid debit card and some form of savings account without the traditional brick-and-mortar building. This usually includes features like mobile deposits, P2P payments, mobile budgeting tools and real-time digital receipts. Challenger banks are defined as fintech companies leveraging technology and software to digitize and streamline retail banking. Challengers use digital distribution channels, typically mobile, to offer competitive retail banking services such as current accounts, savings accounts, loans, insurance, and credit cards. While neo-banks offer a mobile-first banking experience in partnership with a traditional bank, challenger banks aim at becoming fully-licensed banks, creating new data-driven banking experiences and pricing models.
The global Neo and Challenger Bank market was valued at US$ 6865 million in 2023 and is anticipated to reach US$ 43430 million by 2030, witnessing a CAGR of 28.0% during the forecast period 2024-2030.
The main Neo and Challenger Bank players include Atom Bank, Tandem Bank, N26, WeBank, MyBank, Starling Bank, etc. The top six Neo and Challenger Bank players account for approximately 24% of the total global market. Europe is the largest consumer market for Neo and Challenger Bank, followed by North America and Asia-Pacific. And in terms of Applications, the largest segment is Business, followed by Personal.
This report aims to provide a comprehensive presentation of the global market for Neo and Challenger Bank, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Neo and Challenger Bank.
Report Scope
The Neo and Challenger Bank market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030.
This report segments the global Neo and Challenger Bank market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Neo and Challenger Bank companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- Atom Bank
- Movencorp
- Simple Finance Technology
- Fidor Group
- N26
- Pockit
- Ubank
- Monzo Bank
- MyBank (Alibaba Group)
- Holvi Bank
- WeBank (Tencent Holdings Limited)
- Hello Bank
- Koho Bank
- Rocket Bank
- Soon Banque
- Digibank
- Timo
- Jibun
- Jenius
- K Bank
- Kakao Bank
- Starling Bank
- Tandem Bank
Segment by Type
- Neobanks
- Challenger Banks
Segment by Application
- Personal Consumers
- Business Organizations
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Neo and Challenger Bank companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Neo and Challenger Bank Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Neobanks
1.2.3 Challenger Banks
1.3 Market by Application
1.3.1 Global Neo and Challenger Bank Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Personal Consumers
1.3.3 Business Organizations
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Neo and Challenger Bank Market Perspective (2019-2030)
2.2 Neo and Challenger Bank Growth Trends by Region
2.2.1 Global Neo and Challenger Bank Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Neo and Challenger Bank Historic Market Size by Region (2019-2024)
2.2.3 Neo and Challenger Bank Forecasted Market Size by Region (2025-2030)
2.3 Neo and Challenger Bank Market Dynamics
2.3.1 Neo and Challenger Bank Industry Trends
2.3.2 Neo and Challenger Bank Market Drivers
2.3.3 Neo and Challenger Bank Market Challenges
2.3.4 Neo and Challenger Bank Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Neo and Challenger Bank Players by Revenue
3.1.1 Global Top Neo and Challenger Bank Players by Revenue (2019-2024)
3.1.2 Global Neo and Challenger Bank Revenue Market Share by Players (2019-2024)
3.2 Global Neo and Challenger Bank Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Neo and Challenger Bank Revenue
3.4 Global Neo and Challenger Bank Market Concentration Ratio
3.4.1 Global Neo and Challenger Bank Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Neo and Challenger Bank Revenue in 2023
3.5 Neo and Challenger Bank Key Players Head office and Area Served
3.6 Key Players Neo and Challenger Bank Product Solution and Service
3.7 Date of Enter into Neo and Challenger Bank Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Neo and Challenger Bank Breakdown Data by Type
4.1 Global Neo and Challenger Bank Historic Market Size by Type (2019-2024)
4.2 Global Neo and Challenger Bank Forecasted Market Size by Type (2025-2030)
5 Neo and Challenger Bank Breakdown Data by Application
5.1 Global Neo and Challenger Bank Historic Market Size by Application (2019-2024)
5.2 Global Neo and Challenger Bank Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Neo and Challenger Bank Market Size (2019-2030)
6.2 North America Neo and Challenger Bank Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Neo and Challenger Bank Market Size by Country (2019-2024)
6.4 North America Neo and Challenger Bank Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Neo and Challenger Bank Market Size (2019-2030)
7.2 Europe Neo and Challenger Bank Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Neo and Challenger Bank Market Size by Country (2019-2024)
7.4 Europe Neo and Challenger Bank Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Neo and Challenger Bank Market Size (2019-2030)
8.2 Asia-Pacific Neo and Challenger Bank Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Neo and Challenger Bank Market Size by Region (2019-2024)
8.4 Asia-Pacific Neo and Challenger Bank Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Neo and Challenger Bank Market Size (2019-2030)
9.2 Latin America Neo and Challenger Bank Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Neo and Challenger Bank Market Size by Country (2019-2024)
9.4 Latin America Neo and Challenger Bank Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Neo and Challenger Bank Market Size (2019-2030)
10.2 Middle East & Africa Neo and Challenger Bank Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Neo and Challenger Bank Market Size by Country (2019-2024)
10.4 Middle East & Africa Neo and Challenger Bank Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Atom Bank
11.1.1 Atom Bank Company Detail
11.1.2 Atom Bank Business Overview
11.1.3 Atom Bank Neo and Challenger Bank Introduction
11.1.4 Atom Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.1.5 Atom Bank Recent Development
11.2 Movencorp
11.2.1 Movencorp Company Detail
11.2.2 Movencorp Business Overview
11.2.3 Movencorp Neo and Challenger Bank Introduction
11.2.4 Movencorp Revenue in Neo and Challenger Bank Business (2019-2024)
11.2.5 Movencorp Recent Development
11.3 Simple Finance Technology
11.3.1 Simple Finance Technology Company Detail
11.3.2 Simple Finance Technology Business Overview
11.3.3 Simple Finance Technology Neo and Challenger Bank Introduction
11.3.4 Simple Finance Technology Revenue in Neo and Challenger Bank Business (2019-2024)
11.3.5 Simple Finance Technology Recent Development
11.4 Fidor Group
11.4.1 Fidor Group Company Detail
11.4.2 Fidor Group Business Overview
11.4.3 Fidor Group Neo and Challenger Bank Introduction
11.4.4 Fidor Group Revenue in Neo and Challenger Bank Business (2019-2024)
11.4.5 Fidor Group Recent Development
11.5 N26
11.5.1 N26 Company Detail
11.5.2 N26 Business Overview
11.5.3 N26 Neo and Challenger Bank Introduction
11.5.4 N26 Revenue in Neo and Challenger Bank Business (2019-2024)
11.5.5 N26 Recent Development
11.6 Pockit
11.6.1 Pockit Company Detail
11.6.2 Pockit Business Overview
11.6.3 Pockit Neo and Challenger Bank Introduction
11.6.4 Pockit Revenue in Neo and Challenger Bank Business (2019-2024)
11.6.5 Pockit Recent Development
11.7 Ubank
11.7.1 Ubank Company Detail
11.7.2 Ubank Business Overview
11.7.3 Ubank Neo and Challenger Bank Introduction
11.7.4 Ubank Revenue in Neo and Challenger Bank Business (2019-2024)
11.7.5 Ubank Recent Development
11.8 Monzo Bank
11.8.1 Monzo Bank Company Detail
11.8.2 Monzo Bank Business Overview
11.8.3 Monzo Bank Neo and Challenger Bank Introduction
11.8.4 Monzo Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.8.5 Monzo Bank Recent Development
11.9 MyBank (Alibaba Group)
11.9.1 MyBank (Alibaba Group) Company Detail
11.9.2 MyBank (Alibaba Group) Business Overview
11.9.3 MyBank (Alibaba Group) Neo and Challenger Bank Introduction
11.9.4 MyBank (Alibaba Group) Revenue in Neo and Challenger Bank Business (2019-2024)
11.9.5 MyBank (Alibaba Group) Recent Development
11.10 Holvi Bank
11.10.1 Holvi Bank Company Detail
11.10.2 Holvi Bank Business Overview
11.10.3 Holvi Bank Neo and Challenger Bank Introduction
11.10.4 Holvi Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.10.5 Holvi Bank Recent Development
11.11 WeBank (Tencent Holdings Limited)
11.11.1 WeBank (Tencent Holdings Limited) Company Detail
11.11.2 WeBank (Tencent Holdings Limited) Business Overview
11.11.3 WeBank (Tencent Holdings Limited) Neo and Challenger Bank Introduction
11.11.4 WeBank (Tencent Holdings Limited) Revenue in Neo and Challenger Bank Business (2019-2024)
11.11.5 WeBank (Tencent Holdings Limited) Recent Development
11.12 Hello Bank
11.12.1 Hello Bank Company Detail
11.12.2 Hello Bank Business Overview
11.12.3 Hello Bank Neo and Challenger Bank Introduction
11.12.4 Hello Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.12.5 Hello Bank Recent Development
11.13 Koho Bank
11.13.1 Koho Bank Company Detail
11.13.2 Koho Bank Business Overview
11.13.3 Koho Bank Neo and Challenger Bank Introduction
11.13.4 Koho Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.13.5 Koho Bank Recent Development
11.14 Rocket Bank
11.14.1 Rocket Bank Company Detail
11.14.2 Rocket Bank Business Overview
11.14.3 Rocket Bank Neo and Challenger Bank Introduction
11.14.4 Rocket Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.14.5 Rocket Bank Recent Development
11.15 Soon Banque
11.15.1 Soon Banque Company Detail
11.15.2 Soon Banque Business Overview
11.15.3 Soon Banque Neo and Challenger Bank Introduction
11.15.4 Soon Banque Revenue in Neo and Challenger Bank Business (2019-2024)
11.15.5 Soon Banque Recent Development
11.16 Digibank
11.16.1 Digibank Company Detail
11.16.2 Digibank Business Overview
11.16.3 Digibank Neo and Challenger Bank Introduction
11.16.4 Digibank Revenue in Neo and Challenger Bank Business (2019-2024)
11.16.5 Digibank Recent Development
11.17 Timo
11.17.1 Timo Company Detail
11.17.2 Timo Business Overview
11.17.3 Timo Neo and Challenger Bank Introduction
11.17.4 Timo Revenue in Neo and Challenger Bank Business (2019-2024)
11.17.5 Timo Recent Development
11.18 Jibun
11.18.1 Jibun Company Detail
11.18.2 Jibun Business Overview
11.18.3 Jibun Neo and Challenger Bank Introduction
11.18.4 Jibun Revenue in Neo and Challenger Bank Business (2019-2024)
11.18.5 Jibun Recent Development
11.19 Jenius
11.19.1 Jenius Company Detail
11.19.2 Jenius Business Overview
11.19.3 Jenius Neo and Challenger Bank Introduction
11.19.4 Jenius Revenue in Neo and Challenger Bank Business (2019-2024)
11.19.5 Jenius Recent Development
11.20 K Bank
11.20.1 K Bank Company Detail
11.20.2 K Bank Business Overview
11.20.3 K Bank Neo and Challenger Bank Introduction
11.20.4 K Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.20.5 K Bank Recent Development
11.21 Kakao Bank
11.21.1 Kakao Bank Company Detail
11.21.2 Kakao Bank Business Overview
11.21.3 Kakao Bank Neo and Challenger Bank Introduction
11.21.4 Kakao Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.21.5 Kakao Bank Recent Development
11.22 Starling Bank
11.22.1 Starling Bank Company Detail
11.22.2 Starling Bank Business Overview
11.22.3 Starling Bank Neo and Challenger Bank Introduction
11.22.4 Starling Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.22.5 Starling Bank Recent Development
11.23 Tandem Bank
11.23.1 Tandem Bank Company Detail
11.23.2 Tandem Bank Business Overview
11.23.3 Tandem Bank Neo and Challenger Bank Introduction
11.23.4 Tandem Bank Revenue in Neo and Challenger Bank Business (2019-2024)
11.23.5 Tandem Bank Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
Why ‘The Market Reports’
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest IT & Electronics Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
