27 Jun 2022

What is so ‘NEO’ about neobanks?


Neobanks have been able to service Small and Medium Businesses with high efficiency since they are built on a modern technology stack which is internet-first and saves on the costly (and questionably – redundant) network of physical branches. SMB neo-banking is a US$ 6B+ market opportunity, offering diversified products in each of banking products, financial products, enterprise application tools and digital customer collections.