The Top 20 Neo-banks of 2020 research aims to highlight the exponential momentum in the neo-banking space through the most promising independent neo-banks across the world. For the purpose of this research, we have defined 'Independent Neo-Banks' as digital banking startups with independent ownership, i.e. they are not a subsidiary of an existing enterprise such as incumbent financial institutions, e-commerce firms, telcos, social media firms etc. The study ranks the neo-bank