Switzerland’s Fastest Growing Neobank

A neobank that doesn’t exist in Switzerland is its fastest-growing and has the most clients.

Revolut is Switzerland’s fastest growing Neobank among the eight actors in the country, the results of a survey, revealed Friday.

Moreover, the bank has the most clients in the country which is amazing for a neobank that doesn’t actually exist in Switzerland, the report said.

While leading in the growth and customer base rankings, Revolut was ranked fourth by MoneyToday readers behind Yuh, Neon and FlowBank.

Neobanks are fintechs providing mostly digital online banking services without holding a banking license themselves. In order to operate, they need to partner with a bank that has does; in Revolut’s case, this is Credit Suisse.