THE GLOBAL SMB NEOBANKS REPORT: How 17 upstarts are tailoring solutions to tap the $850 billion annual opportunity in addressing the unmet needs of SMBs

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Neobanks — digital-only banks with industry-leading capabilities that don’t operate physical branches or rely on legacy back-ends — have exploded onto the global scene in recent years.

While neobanks focused on retail consumers tend to dominate headlines, these players’ biggest impact could be in the $850 billion annual SMB banking segment, as incumbent banks have