Revolut is a disruptor and Neo-Bank in the banking market. Other disruptors or neo-banks in America and Europe are e.g. Nubank, SoFi, Revolut, Monzo, Starling Bank, Discover Bank, N26, Current, Moven, Axos Bank, Varo Bank, Ally Bank, Capital One, Trade Republic, Venmo, One Finance, Aspiration Financial, Dave, Cash App, MoneyLion, Robinhood Markets or Quontic. The neo-banks emerge worldwide, e.g. in India: Fi Money, Jupiter, FamPay, Mahila Money, RazorpayX, Digibank, NiYo, Open or SaveIn. In China we find e.g. MYBank, Neat or WeBank. In Asia we also find Timo in Vietnam or Jibun Bank in Japan or Jenius in Indonesia or K Bank and Kakao Bank bothe in Korea. In Africa the leading platform is MPesa. Other examples would be for South Africa: Discovery Bank, Bank Zero and Bettr Finance or Kuda in Nigeria or Eversend and Chipper Cash in Uganda.
First, Revolut is a UK Neo-Bank, financed with high amounts of venture capital and millions of customers. Second, Revolut offers different services for businesses and individual customers which include for example a fee free currency exchange. Third, Revolut attracts a wide range of people with its various offers. And fourth, Revolut’s business model comes with certain chances in the foreign exchange business but also faces the risk of new financial market regulations.
The videos explain different fintech business models and refer to the book Fintech Business Models by Matthias Fischer published in February 2021. The channel covers fintechs in the area of payments, robo advisory, Personal Finance Management, Neo-Banks, crowdfunding, artificial intelligence, blockchain, cryptocurrency and innovative digital solutions in banking.
