Neobanking on growth: US customer base will climb over the next 4 years

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Neobanks like Chime and Varo will grow by nearly 19 million US account holders between 2021 and 2025, per Insider Intelligence projections. By the end of 2025, close to 40 million US adults will hold accounts at digital-only banks.

More like this:

• Report: The Banking Digital Trust Report 2021
• Article: Varo Bank launches cash-back rewards in strategy pivot
• Article: UK regulator tells neobanks not to liken themselves to banks

Note: An earlier version of this post incorrectly stated the number of US neobank account holders,