Which Neobanks Will Rise Or Fall? May 2026

Continues to dominate with over 110 million customers , leveraging its high transparency and credit-led model.

The "winners" in 2026 are those that have successfully transitioned from being just "sleek apps" to comprehensive financial ecosystems with full banking licenses and diversified revenue. Which neobanks will rise or fall?

Both have achieved sustained profitability by moving into SME banking and lending. Starling’s focus on its "Banking-as-a-Service" infrastructure is now a key growth engine. Continues to dominate with over 110 million customers

A prime example of scale-to-profitability, targeting $9 billion in revenue and $3.5 billion in profit for 2026. Its expansion into crypto (where 40% of neobanks are now following) and global stock trading has made it a "financial super-app". While some niche banks (like those for freelancers

While some niche banks (like those for freelancers or eco-conscious users) are growing, several others like Flowbank and Coop Finance+ have already disappeared due to an inability to scale or maintain trust.