United States Neobanking Market was valued at USD 12 Billion in 2022 and is projected to reach USD 200 Billion by 2030, growing at a CAGR of 43% from 2024 to 2030.
The US Neobanking Market is growing rapidly, driven by technological innovation, consumer demand for convenience, and changing financial needs. Neobanks, digital-only banks that operate without physical branches, are reshaping the financial landscape. These banks leverage cloud technology, AI-driven tools, and user-friendly mobile applications to provide seamless banking experiences to users. As of 2024, the market is expanding due to consumer preferences for low fees, greater accessibility, and innovative financial services. As this market grows, understanding the specific requirements of industries and businesses using these services becomes crucial for success.
The demand for neobanking services has been particularly high in sectors such as e-commerce, fintech startups, and gig economy platforms. These industries require fast, secure, and scalable financial solutions to cater to their customers and employees. Neobanks offer features like instant payments, easy account management, and no-branch banking which are highly attractive to these sectors. For instance, e-commerce platforms benefit from integrated payment solutions that allow businesses to offer their customers seamless online transactions.
Moreover, industries are seeking neobanks that provide robust APIs, facilitating integration with their existing systems. With cloud-based infrastructure, these banks are able to offer businesses real-time data and automated financial tools, which are essential for managing cash flow and transactions effectively. The gig economy, which often deals with irregular pay schedules, finds neobanks an ideal fit for providing freelancers with immediate access to their earnings, improving overall financial management.
The rise of digital-only banking platforms has made it easier for businesses to expand their operations globally. Industries require neobanks that support international transactions, multi-currency accounts, and lower cross-border fees. With globalization on the rise, companies are increasingly turning to these digital platforms to manage their finances in a streamlined and cost-effective manner.
As the neobanking market continues to evolve, the focus will be on improving security, enhancing customer experiences, and developing advanced financial products tailored to specific industry needs. In this dynamic landscape, neobanks are poised to redefine how industries and consumers approach banking services, offering greater flexibility, lower operational costs, and enhanced financial management tools.
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Atom Bank
Sopra Steria (Fidor Bank)
Monzo Bank
Movencorp
MyBank
N26 GmbH
Revolut
Simple Finance Technology Corporation
Ubank Limited
WeBank
CITIC aiBank
China Merchants Bank
China PSBC
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Neobanking Market
Individual Consumers
Small and Medium Enterprises (SMEs)
Startups
High Net Worth Individuals (HNWIs)
Basic Banking Services
Investment Services
Credit and Lending Services
Expense Management Tools
International Money Transfers
Direct-to-Consumer Neobanks
B2B Neobanking Platforms
Hybrid Models (combination of B2B and B2C)
Traditional Bank Affiliates
Fully Automated Neobanks
AI-Driven Neobanks
Neobanks with Minimal Automation
Mobile-First Neobanks
Millennials
Gen Z
Digital Nomads
Tech-Savvy Elderly
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Neobanking Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Neobanking Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Neobanking Market, By Type
6. US Neobanking Market, By Application
7. US Neobanking Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Neobanking Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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