Neobank is hot again. Revolut's valuation is huge. Nubank has surpassed 90M customers. HDBank announced Vikki Digital Bank.

"Both neobanks have achieved astonishing growth over the years:

Nubank has surpassed 90 million customers in Latin America in its operations in Brazil, Colombia, and Mexico, consolidating its position as one of the fastest-growing financial services companies in the world.

In Brazil, the company has around 85 million users; more than 40 new products were launched in 2023.

Between November 2022 and October 2023, within merely 11 months, Revolut increased its customer base by 10 million, reaching the milestone of 35 million customers.

Along with the customer number, Revolut saw improving financial figures, as reported in its annual consolidated statement.

Both neobanks are targeting the US for future growth. Will they succeed?

The latest digibank in South East Asia is the Vikki Digital Bank, launched today by HDBank. Will they be able to make a dent in the universe?"

Author

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