A looming recession and economic turmoil will hinder neobanks’ ability to get in the black. They’ll have to fight to create profitable and sustainable growth—and put investors’ and customers’ minds at ease.
Neobanks have grown their user base fast, but they may have bitten off more than they can chew. Now they are facing an existential threat as venture capital dries up. Some will not survive, opening an opportunity for neobanks that do successfully navigate to become the dominant players.
Key Question:How should neobanks adjust their short- and long-term strategies amid uncertain economic conditions to survive?
KEY STAT: The number of US neobank account holders will grow by 46.4% from 2022 to 2026, per our forecast—though neobanks may struggle to keep delivering on the lavish incentives, low to no fees, and innovative products that they used to lure in these users.
Here’s what’s in the full report
1file
Exportable files for easy reading, analysis and sharing.
3charts
Reliable data in simple displays for presentations and quick decision making.
Table of Contents
Executive Summary
Opportunities Abound for Neobanks that Can Weather the Economic Storm
Gain access to reliable data presented in clear and intelligible displays for quick understanding and decision making on the most important topics related to your industry, included at no extra cost.