Impact Analysis of Covid-19
The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The latest update of “Global Neo And Challenger Bank Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Neo And Challenger Bank Market.
Overview of the Neo And Challenger Bank Market:
Neobanks have the potential to redefine the way customers bank. They don't have branches and offer customers convenient online banking. Instead, they focus on basic accounts and online ATMs. Because they don't have branches, neobanks operate much differently than traditional banks.
Market Dynamics:
Launch of new banks is expected to propel growth of the global neo and challenger bank market over the forecast period. For instance, in January 2022, H&R Block launched Spruce, a challenger bank in order to diversify the company’s product set.
The global neo and challenger bank market is witnessing merger and acquisition strategies. For instance, in November 2021, Oportun, a consumer lender, signed an agreement to acquire Digit, a challenger bank. Similarly, in November 2021, Patriot National Bancorp, Inc. announced to acquire American Challenger Development Corp. In another acquisition, in January 2022, Tandem Bank, a digital challenger bank, agreed to acquire consumer lender Oplo.
The global neo and challenger bank market is witnessing increasing funding. For instance, in January 2022, Finclusion Group, a fintech that uses AI algorithms to provide financial services, raised US$ 20 million in debt and equity pre-Series A financing. Similarly, in January 2022, Muvin, a neobank, raised US$ 3 million in debt and equity. In another funding, in January 2022, Novo, a SMB neobank, raised US$ 90 million to add in new products. Earlier, in August 2021, Challenger Bank GBB secured an investment of £28 million from its cornerstone investor the Teesside Pension Fund.
Asia Pacific is expected to witness significant growth in the global neo and challenger bank market, owing to significant funding. For instance, in August 2021, AirAsia Group’s e-wallet unit BigPay secured up to US$ 100 million in financing from SK Group to boost its challenger bank business.
Key Takeaways:
- Launch of new banks is expected to propel growth of the global neo and challenger bank market over the forecast period. For instance, in January 2022, Challenger Bank North initiated lending with its first “regional pod” in Manchester, U.K
- Major players operating in the global neo and challenger bank market are focused on launching new products to expand their product portfolio. For instance, in February 2022, Bunq, a European neobank, launched a new feature allowing its users to invest their cash through a partnership with Birdee.
- Major players operating in the global neo and challenger bank market include, Neon, Fire, Bnext, Indo Services, Hype, Aprila Bank, Bueno Europe Ltd., Anytime, Bunq, Movencorp Inc., Rocket Bank, Lunar, Banco BNI Europa, Nickel, Cashaa, Dreams, Atom Bank, Hello Bank, Klarna, Monese, Soon Banque, and Ubank
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Neo And Challenger Bank Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Neo And Challenger Bank Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Neon
- Fire
- Bnext
- Indo services
- Hype
- Aprila Bank
- Bueno Europe Ltd
- Anytime
- Bunq
- Movencorp Inc.
- Rocket Bank
- Lunar
- Banco BNI Europa
- Nickel
- Cashaa
- Dreams
- Atom bank
- Hello Bank
- Klarna
- Monese
- Soon Banque
- Ubank
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Neo And Challenger Bank Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Neo And Challenger Bank Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Neo And Challenger Bank Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Neo And Challenger Bank Market
1.6.1 How the Covid-19 is Affecting the Neo And Challenger Bank Market
1.6.1.1 Neo And Challenger Bank Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Neo And Challenger Bank Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Neo And Challenger Bank Market Perspective (2015-2028)
2.2 Neo And Challenger Bank Market Growth Trends by Regions
2.2.1 Neo And Challenger Bank Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Neo And Challenger Bank Market Historic Market Share by Regions (2015-2021)
2.2.3 Neo And Challenger Bank Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Neo And Challenger Bank Market Growth Strategy
2.3.6 Primary Interviews with Key Neo And Challenger Bank Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Neo And Challenger Bank Market Players by Market Size
3.1.1 Global Top Neo And Challenger Bank Market Players by Revenue (2015-2021)
3.1.2 Global Neo And Challenger Bank Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Neo And Challenger Bank Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Neo And Challenger Bank Market Concentration Ratio
3.2.1 Global Neo And Challenger Bank Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Neo And Challenger Bank Market Revenue in 2019
3.3 Neo And Challenger Bank Market Key Players Head office and Area Served
3.4 Key Players Neo And Challenger Bank Market Product Solution and Service
3.5 Date of entering into Neo And Challenger Bank Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Neo And Challenger Bank Market Historic Market Size by Type (2015-2021)
4.2 Global Neo And Challenger Bank Market Forecasted Market Size by Type (2021-2028)
5 Neo And Challenger Bank Market Breakdown Data by Application (2015-2028)
5.1 Global Neo And Challenger Bank Market Size by Application (2015-2021)
5.2 Global Neo And Challenger Bank Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Neo And Challenger Bank Market Size (2015-2021)
6.2 Neo And Challenger Bank Market Key Players in North America (2019-2021)
6.3 North America Neo And Challenger Bank Market Size by Type (2015-2021)
6.4 North America Neo And Challenger Bank Market Size by Application (2015-2021)
7 Europe
7.1 Europe Neo And Challenger Bank Market Size (2015-2021)
7.2 Neo And Challenger Bank Market Key Players in Europe (2019-2021)
7.3 Europe Neo And Challenger Bank Market Size by Type (2015-2021)
7.4 Europe Neo And Challenger Bank Market Size by Application (2015-2021)
8 China
8.1 China Neo And Challenger Bank Market Size (2015-2021)
8.2 Neo And Challenger Bank Market Key Players in China (2019-2021)
8.3 China Neo And Challenger Bank Market Size by Type (2015-2021)
8.4 China Neo And Challenger Bank Market Size by Application (2015-2021)
9 Japan
9.1 Japan Neo And Challenger Bank Market Size (2015-2021)
9.2 Neo And Challenger Bank Market Key Players in Japan (2019-2021)
9.3 Japan Neo And Challenger Bank Market Size by Type (2015-2021)
9.4 Japan Neo And Challenger Bank Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Neo And Challenger Bank Market Size (2015-2021)
10.2 Neo And Challenger Bank Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Neo And Challenger Bank Market Size by Type (2015-2021)
10.4 Southeast Asia Neo And Challenger Bank Market Size by Application (2015-2021)
11 India
11.1 India Neo And Challenger Bank Market Size (2015-2021)
11.2 Neo And Challenger Bank Market Key Players in India (2019-2021)
11.3 India Neo And Challenger Bank Market Size by Type (2015-2021)
11.4 India Neo And Challenger Bank Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Neo And Challenger Bank Market Size (2015-2021)
12.2 Neo And Challenger Bank Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Neo And Challenger Bank Market Size by Type (2015-2021)
12.4 Central & South America Neo And Challenger Bank Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Neo And Challenger Bank Market Introduction
13.4 Neo And Challenger Bank Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Neo And Challenger Bank Market Key Market Segments
Table 2. Key Players Covered: Ranking by Neo And Challenger Bank Market Revenue
Table 3. Ranking of Global Top Neo And Challenger Bank Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Neo And Challenger Bank Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Neo And Challenger Bank Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Neo And Challenger Bank Market Players to Combat Covid-19 Impact
Table 10. Global Neo And Challenger Bank Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Neo And Challenger Bank Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Neo And Challenger Bank Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Neo And Challenger Bank Market Share by Regions (2015-2021)
Table 14. Global Neo And Challenger Bank Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Neo And Challenger Bank Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Neo And Challenger Bank Market Growth Strategy
Table 20. Main Points Interviewed from Key Neo And Challenger Bank Market Players
Table 21. Global Neo And Challenger Bank Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Neo And Challenger Bank Market Share by Players (2015-2021)
Table 23. Global Top Neo And Challenger Bank Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Neo And Challenger Bank Market as of 2019)
Table 24. Global Neo And Challenger Bank Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Neo And Challenger Bank Market Product Solution and Service
Table 27. Date of entering into Neo And Challenger Bank Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Neo And Challenger Bank Market Size by Type (2015-2021) (Million US$)
Table 30. Global Neo And Challenger Bank Market Size Share by Type (2015-2021)
Table 31. Global Neo And Challenger Bank Market Revenue Market Share by Type (2021-2028)
Table 31. Global Neo And Challenger Bank Market Size Share by Application (2015-2021)
Table 33. Global Neo And Challenger Bank Market Size by Application (2015-2021) (Million US$)
Table 34. Global Neo And Challenger Bank Market Size Share by Application (2021-2028)
Table 35. North America Key Players Neo And Challenger Bank Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Neo And Challenger Bank Market Share (2019-2021)
Table 37. North America Neo And Challenger Bank Market Size by Type (2015-2021) (Million US$)
Table 38. North America Neo And Challenger Bank Market Share by Type (2015-2021)
Table 39. North America Neo And Challenger Bank Market Size by Application (2015-2021) (Million US$)
Table 40. North America Neo And Challenger Bank Market Share by Application (2015-2021)
Table 41. Europe Key Players Neo And Challenger Bank Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Neo And Challenger Bank Market Share (2019-2021)
Table 43. Europe Neo And Challenger Bank Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Neo And Challenger Bank Market Share by Type (2015-2021)
Table 45. Europe Neo And Challenger Bank Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Neo And Challenger Bank Market Share by Application (2015-2021)
Table 47. China Key Players Neo And Challenger Bank Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Neo And Challenger Bank Market Share (2019-2021)
Table 49. China Neo And Challenger Bank Market Size by Type (2015-2021) (Million US$)
Table 50. China Neo And Challenger Bank Market Share by Type (2015-2021)
Table 51. China Neo And Challenger Bank Market Size by Application (2015-2021) (Million US$)
Table 52. China Neo And Challenger Bank Market Share by Application (2015-2021)
Table 53. Japan Key Players Neo And Challenger Bank Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Neo And Challenger Bank Market Share (2019-2021)
Table 55. Japan Neo And Challenger Bank Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Neo And Challenger Bank Market Share by Type (2015-2021)
Table 57. Japan Neo And Challenger Bank Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Neo And Challenger Bank Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Neo And Challenger Bank Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Neo And Challenger Bank Market Share (2019-2021)
Table 61. Southeast Asia Neo And Challenger Bank Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Neo And Challenger Bank Market Share by Type (2015-2021)
Table 63. Southeast Asia Neo And Challenger Bank Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Neo And Challenger Bank Market Share by Application (2015-2021)
Table 65. India Key Players Neo And Challenger Bank Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Neo And Challenger Bank Market Share (2019-2021)
Table 67. India Neo And Challenger Bank Market Size by Type (2015-2021) (Million US$)
Table 68. India Neo And Challenger Bank Market Share by Type (2015-2021)
Table 69. India Neo And Challenger Bank Market Size by Application (2015-2021) (Million US$)
Table 70. India Neo And Challenger Bank Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Neo And Challenger Bank Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Neo And Challenger Bank Market Share (2019-2021)
Table 73. Central & South America Neo And Challenger Bank Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Neo And Challenger Bank Market Share by Type (2015-2021)
Table 75. Central & South America Neo And Challenger Bank Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Neo And Challenger Bank Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Neo And Challenger Bank Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Neo And Challenger Bank Market Share by Type: 2021 VS 2028
Figure 2. Global Neo And Challenger Bank Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Neo And Challenger Bank Market Report Years Considered
Figure 8. Global Neo And Challenger Bank Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Neo And Challenger Bank Market Share by Regions: 2021 VS 2028
Figure 10. Global Neo And Challenger Bank Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Neo And Challenger Bank Market Share by Players in 2019
Figure 13. Global Top Neo And Challenger Bank Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Neo And Challenger Bank Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Neo And Challenger Bank Market Revenue in 2019
Figure 15. North America Neo And Challenger Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Neo And Challenger Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Neo And Challenger Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Neo And Challenger Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Neo And Challenger Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Neo And Challenger Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Neo And Challenger Bank Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
