Tinkoff has managed to do what only a select few #neobanks have done so far \u2013 become profitable and successfully so, from its 3rd year of operations way back in 2009.<\/p>\n
The neo-bank has pioneered #LifestyleBanking in Russia by bundling value-added services like travel & entertainment bookings, a mobile network and a Jack-of-all-trades #SuperApp to cater to every financial & day-to-day lifestyle need.<\/p>\n
All these achievements are pretty evident through their numbers:<\/p>\n
11.2 million users as of June 2020, with an impressive 6.1 million monthly active users.<\/p>\n
A strong $5.6 billion valuation on the London Stock Exchange.<\/p>\n
Increase in share of non-credit revenues from 30% to 37% in H1 2020n<\/p>\n
Net profit ratio of 22% and a healthy cost to income ratio of 37% for FY19n<\/p>\n
#Tinkoff has emerged as the dark horse in the neo-banks race and it isn\u2019t slowing down anytime soon from the looks of it.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tinkoff has managed to do what only a select few #neobanks have done so far \u2013 become profitable and successfully so, from its 3rd year of operations way back in 2009.<\/p>\n","protected":false},"author":70,"featured_media":3902,"comment_status":"open","ping_status":"closed","template":"","meta":[],"product_cat":[155,81],"product_tag":[152,156,166],"class_list":{"0":"post-5722","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-russia","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