SME Neo-Banks | Global Overview
Updated: Nov 9, 2020
Whats #Neo in SME Banking ?
Key trends across the globe in the SME Neo-Banking space:
1. Creative-destruction needs a fresh perspective is well established with 66% of Neo-banks' founders being outsiders.
2.#Chinese SME Neo-banks are unique in their ownership (owned by the #TechFins) with a unique business model which is intertwined with their parents' business model. This helps them embed banking in the core-product offerings and enables them to acquire millions of customers super-efficiently.
4. In #India, the sustained creation of digital public infrastructure (#OCEN being the latest one), along with the govt. focus to revive the MSME sector and players who are digitalising the SME value-chains, presents a unique opportunity for SME Neo Banks.