Read on TwitterA short thread on the distinct strategies of British neo-banks @monzo @StarlingBank @RevolutApp
@sanjeevk_k @PriyamoniD #fintech
Clash of the #neobanks https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">A short thread on the distinct strategies of British neo-banks @monzo @StarlingBank @RevolutApp @sanjeevk_k @PriyamoniD #fintech" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen"> Clash of the #neobanks https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">A short thread on the distinct strategies of British neo-banks @monzo @StarlingBank @RevolutApp @sanjeevk_k @PriyamoniD #fintech" class="img-responsive" style="max-width:100%;"/>
#1 Go-to-market Strategy
While Monzo & Revolut both went the #partnership way at launch, Starling Bank took its time with #licensing & building its own technological capabilities.
While Monzo & Revolut both went the #partnership way at launch, Starling Bank took its time with #licensing & building its own technological capabilities.
The result?
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Revolut saw rapid uptake but hasn& #39;t been able to tap deposits & #lending
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Monzo switched to native capabilities via banking license - interest income cha-ching!
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Starling has diverse revenue streams - talk interest income, interchange, commission & #BaaS
#2 Product Portfolio
While Monzo & Starling haven& #39;t touched #Investing yet, Revolut takes the cake with #crypto #stocktrading & #goldhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">
The real competition has now however moved onto #businessbanking. These past months Starling has grown its loan book 18x to £1 billion
While Monzo & Starling haven& #39;t touched #Investing yet, Revolut takes the cake with #crypto #stocktrading & #gold
The real competition has now however moved onto #businessbanking. These past months Starling has grown its loan book 18x to £1 billion
The real competition has now however moved onto #businessbanking. These past months Starling has grown its loan book 18x to £1 billion" title=" #2 Product PortfolioWhile Monzo & Starling haven& #39;t touched #Investing yet, Revolut takes the cake with #crypto #stocktrading & #gold https://abs.twimg.com/emoji/v2/... draggable="false" alt="💰" title="Geldsack" aria-label="Emoji: Geldsack">The real competition has now however moved onto #businessbanking. These past months Starling has grown its loan book 18x to £1 billion" class="img-responsive" style="max-width:100%;"/>
#3 Customer Acquisition
Clearly, there& #39;s no beating Revolut when it comes to user base.https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌍" title="Europa-Afrika auf dem Globus" aria-label="Emoji: Europa-Afrika auf dem Globus"> It& #39;s available in 35 countries & recently announced its public launch in Japan. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇯🇵" title="Flagge von Japan" aria-label="Emoji: Flagge von Japan">
While Monzo, too, has gone international with USA, it is yet to see traction in the market.
Clearly, there& #39;s no beating Revolut when it comes to user base.
While Monzo, too, has gone international with USA, it is yet to see traction in the market.
It& #39;s available in 35 countries & recently announced its public launch in Japan. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇯🇵" title="Flagge von Japan" aria-label="Emoji: Flagge von Japan">While Monzo, too, has gone international with USA, it is yet to see traction in the market." title=" #3 Customer AcquisitionClearly, there& #39;s no beating Revolut when it comes to user base. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌍" title="Europa-Afrika auf dem Globus" aria-label="Emoji: Europa-Afrika auf dem Globus"> It& #39;s available in 35 countries & recently announced its public launch in Japan. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇯🇵" title="Flagge von Japan" aria-label="Emoji: Flagge von Japan">While Monzo, too, has gone international with USA, it is yet to see traction in the market." class="img-responsive" style="max-width:100%;"/>
#5 Financials
End of the day it all comes down to numbers.
Rapid revenue growth overshadowed by costs is a common factor across the 3 neo-banks.
Compared to the UK #Big4 banks, they lack in optimising their deposit bases to lend. Interest income WYA?https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">
End of the day it all comes down to numbers.
Rapid revenue growth overshadowed by costs is a common factor across the 3 neo-banks.
Compared to the UK #Big4 banks, they lack in optimising their deposit bases to lend. Interest income WYA?
" title=" #5 FinancialsEnd of the day it all comes down to numbers.Rapid revenue growth overshadowed by costs is a common factor across the 3 neo-banks. Compared to the UK #Big4 banks, they lack in optimising their deposit bases to lend. Interest income WYA? https://abs.twimg.com/emoji/v2/... draggable="false" alt="👀" title="Augen" aria-label="Emoji: Augen">" class="img-responsive" style="max-width:100%;"/>
#6 Future Outlook
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Monzo is going the #subscription route & pushing the gas on lending
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Starling is SME all the way - business #marketplace, paid products, government-backed loans
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Revolut is going the #SuperApp way and they& #39;ve got their infinity gauntlet almost ready
Monzo is going the #subscription route & pushing the gas on lendinghttps://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Starling is SME all the way - business #marketplace, paid products, government-backed loanshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Revolut is going the #SuperApp way and they& #39;ve got their infinity gauntlet almost ready" title=" #6 Future Outlookhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Monzo is going the #subscription route & pushing the gas on lendinghttps://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Starling is SME all the way - business #marketplace, paid products, government-backed loanshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="⚡️" title="Hochspannungszeichen" aria-label="Emoji: Hochspannungszeichen">Revolut is going the #SuperApp way and they& #39;ve got their infinity gauntlet almost ready" class="img-responsive" style="max-width:100%;"/>
A lot remains to unfold in this saga, but the hype sure isn& #39;t dying down anytime soon.
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