Konsult Whitepaper Analysis

Neo banks: The Next Big thing.

With a thrust on financial inclusion and digital banking, Neo Bank are claimed to be the new disruptors in the Banking and financial services domain.

The global Neo bank market was worth USD 18.6 billion in 2018 and is expected to accelerate at a CAGR of around 46.5% between 2019 and 2026, generating around USD 394.6 billion by 2026. Neo banks in India raised $116 million in 2019, a seven-times year-on-year increase.

Credits: Pravara Kharait, Ritu Lohiya & Shyamili Bendre

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