The Economist

Can neobanks’ popularity outlast the pandemic?

Can neobanks’ popularity outlast the pandemic?

The fintechs saw a surge of interest during lockdown. Now to turn a profit

  • August 21, 2021
  • min read

The Economist

Can neobanks’ popularity outlast the pandemic?

Many neobanks have realised that, if they are to achieve sustained profitability, they have to get into lending, says Jeff Tijssen of Bain, another consultancy. A few firms are launching credit cards and other lending products, venturing further into the terrain of conventional banks. Some might be swallowed up by the incumbents. Others might even, eventually, seek charters of their own.

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