The Neobank market is a very large high-growth market, with Neobanks offering consumers digital-only banking with attractive cost and convenience. Consumer demand for digital-only bank accounts is forecast to grow to over 50 million accounts in the U.S. by 2025.

Beanstox sees this as a growth opportunity, with potential to provide clients an attractive combination of “automated wealth and digital banking”. We also believe Fintech will continue to innovate and evolve, with opportunities for Beanstox to provide clients an expanding set of financial services.

How Neobanks differ from traditional banks:

  • Digital-only, no physical branch
  • Known to be faster and cheaper
  • Accessed by desktop computer or mobile
  • Usually partner with an FDIC insured partner bank
  • Can have advantages of less regulation, less credit risk, and leveraging new technologies
  • Usually offer perks including lower or no fees, overdraft protection and sign-up incentives

How fast are Neobanks growing? According to Insider Intelligence, there may be over 50 million US digital-only bank account holders by 2025.

Growth Forecast of Digital-Only Banking, 2021-2025

Although we are excited by the Fintech growth opportunities for Beanstox, we are also mindful of the fact that for every 1 success story, there could be many others which are not as successful.

Opportunity: Learn how you can invest in the Beanstox business
alongside Kevin O’Leary, Chairman & co-owner.

Related Articles

Learn     News     Help Center

Beanstox Inc. (“Beanstox”) is an SEC registered investment adviser and has arranged for brokerage services to be provided by DriveWealth LLC., a registered broker-dealer and member of FINRA/SIPC. DriveWealth is not affiliated with Beanstox.

Investments in securities: Not FDIC Insured • No Bank Guarantee • May Lose Value
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and risk tolerance levels and Beanstox’s charges and expenses. The information provided herein is for illustrative purposes only and does not constitute personalized investment advice, recommendations or solicitations to hold, buy or sell any investment or security of any kind. Beanstox’s internet-based advisory services are designed to assist clients in achieving investment goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form ADV Part 2A and Part 3 CRS and other disclosures.

All images and return figures shown are for illustrative purposes only and are not actual customer or model returns. Actual returns will vary greatly and depend on personal and market conditions. Past performance does not guarantee future results. Google Play and the Google Play logo are trademarks of Google, Inc. Apple, the Apple logo, and iPhone are trademarks of Apple, Inc., registered in the U.S.

Our site uses cookies and other similar technologies so that we can remember you and understand how you and other visitors use our site. Please see Beanstox Privacy Policy for more information.

© 2021 Beanstox Inc.