While the 3 Neo-banks in the UK started during a similar timeframe, their evolution\u23e9 over the last 4-6 years has taken quite distinct trajectories .<\/p>\n
Slow and Steady Vs Move Fast and Break Things :<\/p>\n
Starling has been steady in executing its plans, whereas Revolut has remained bullish on its customer acquisition and expansion strategy. Monzo has moved fast and already broken a few things that need to be fixed.<\/p>\n
\u2694\ufe0f Business Banking: Round 2 is ON<\/p>\n
Starling and Revolut were the first ones to focus on Business Banking, with Starling taking a lead in the UK amid COVID. With Monzo joining the fray, the next battleground most certainly is business banking.<\/p>\n
Revolut-ion in the making<\/p>\n
Revolut has focussed on geographic expansion like no other fintech. The launch in Australia and Japan will keep them on track on their exponential customer acquisition journey.<\/p>\n
Path to Profitability: SuperApp, SME Banking and Subscription<\/p>\n
While all 3 Neo-banks are in Deep-Red, the renewed focus on Subscription fees, SuperApp strategy and SME Banking are the 3 routes in their pursuit of profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"
While the 3 Neo-banks in the UK started during a similar timeframe, their evolution over the last 4-6 years has taken quite distinct trajectories .<\/p>\n","protected":false},"author":70,"featured_media":3886,"comment_status":"open","ping_status":"closed","template":"","meta":[],"product_cat":[155,81],"product_tag":[152,156,165],"class_list":{"0":"post-5710","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-digital-finance","7":"product_cat-insights","8":"product_tag-deep-dive","9":"product_tag-neobank","10":"product_tag-uk","11":"member-discount","12":"discount-restricted","14":"first","15":"instock","16":"downloadable","17":"virtual","18":"taxable","19":"purchasable","20":"product-type-simple"},"acf":[],"yoast_head":"\n