N26 exits The US

In a move that surprised nobody paying attention. the NeoBank had sharply limited onboarding of US customers, and restricted services even as competition from domestic US based players heated up. About a one minute read.

Comment: regular readers will know I’ve been saying for several years now there are far, far too many NeoBanks. And considering how rapidly incumbent financial institutions are adopting and adapting, there now very little incentive to switch to a Neobank.