Revolut Expands Business Solutions in Switzerland
- The Swiss neo-banking sector presents a dynamic mix of domestic and international players, each vying for a share of the digital finance market.
- Several Swiss neo-banks have established a presence in the market,targeting various customer segments.
- International neo-banks have also entered the Swiss market, offering their services to Swiss customers.
Swiss Neo-bank Landscape: A Current Overview
The Swiss neo-banking sector presents a dynamic mix of domestic and international players, each vying for a share of the digital finance market. This report provides an overview of active neo-banks in Switzerland, their market entry dates, and reported customer numbers.
Active Swiss Neo-Banks
Several Swiss neo-banks have established a presence in the market,targeting various customer segments.
| Neo-Bank | Market Entry | Customer in Total | Customers in Switzerland |
|---|---|---|---|
| Neon | March 2019 | 237,000 | 237,000 |
| Radicant (BLKB) | August 2023 | 10,000 | 10,000 |
| Yapeal | July 2020 | Not specified | Not specified |
| YUH (Postfinance & swissquote) | May 2021 | 300,000 | 300,000 |
| ZAK (Bank Cler) | March 2018 | 70,000 | 70,000 |
| Active Swiss apps: 7 |
Foreign Neo-Banks in Switzerland
International neo-banks have also entered the Swiss market, offering their services to Swiss customers.
| Neo-Bank | Market Entry | Customer in Total | Customers in Switzerland |
|---|---|---|---|
| N26 | Switzerland 2019 | 8 million | Not specified |
| Revolut | Switzerland 2017 | 52.5 million | 1,000,000 |
| Wise | March 2010 | 16 million | Not specified |
| Active foreign apps: 3 |
Neo-Bank Verticals
Some neo-banks focus on specific verticals within the financial sector.
| Neo Bank Verticals | Market Entry | Customer in total | Customers in Switzerland |
|---|---|---|---|
| Reliae | October 2023 | Follow facts | Follow information |
| Aktive Vertical apps: 1 |
Neo-Banks in Conversion
Certain established financial institutions have launched neo-bank offerings,though some face uncertain futures.
| Neo Banks in conversion | Market Entry | Customer in Total | Customers in Switzerland |
|---|---|---|---|
| CSX (Credit Suisse) UBS does not plan any autonomous Continuation of the app |
October 2020 | 400,000 | 400,000 |
| Coop Finance+ (Coop) Coop is not planning any independent Continuation of the app |
October 2023 | Not specified | Not specified |
Neo-Banks in Liquidation
The Swiss neo-bank landscape has also seen some failures, with certain entities undergoing liquidation.
| Neo Banks in liquidation | Market Entry | customer in Total | Customers in Switzerland |
|---|---|---|---|
| FlowBank Finma: bankruptcy opened on June 13, 2024 |
november 2020 | Not specified | Not specified |
| Swiss4 Finma: bankruptcy opened on March 4, 2025 |
April 2024 | Not specified | Not specified |
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Swiss Neo-bank Landscape: A Current Overview
The Swiss neo-banking sector presents a dynamic mix of domestic and international players, each vying for a share of the digital finance market.This report provides an overview of active neo-banks in Switzerland, their market entry dates, and reported customer numbers.
Active Swiss Neo-Banks
Several Swiss neo-banks have established a presence in the market,targeting various customer segments.
| Neo-bank | Market Entry | Customer in Total | Customers in Switzerland |
|---|---|---|---|
| Neon | March 2019 | 237,000 | 237,000 |
| Radicant (BLKB) | August 2023 | 10,000 | 10,000 |
| Yapeal | July 2020 | Not specified | Not specified |
| YUH (Postfinance & swissquote) | May 2021 | 300,000 | 300,000 |
| ZAK (Bank cler) | March 2018 | 70,000 | 70,000 |
| Active swiss apps: 7 |
Foreign Neo-Banks in Switzerland
International neo-banks have also entered the Swiss market, offering their services to Swiss customers.
| Neo-Bank | market Entry | Customer in Total | Customers in Switzerland |
|---|---|---|---|
| N26 | Switzerland 2019 | 8 million | Not specified |
| Revolut | Switzerland 2017 | 52.5 million | 1,000,000 |
| Wise | March 2010 | 16 million | Not specified |
| Active foreign apps: 3 |
Neo-Bank verticals
Some neo-banks focus on specific verticals within the financial sector.
| Neo Bank Verticals | market Entry | Customer in total | Customers in Switzerland |
|---|---|---|---|
| Reliae | October 2023 | Follow facts | Follow information |
| Aktive Vertical apps: 1 |
Neo-Banks in Conversion
Certain established financial institutions have launched neo-bank offerings,though some face uncertain futures.
| Neo Banks in conversion | Market Entry | Customer in Total | Customers in switzerland |
|---|---|---|---|
| CSX (Credit Suisse) UBS does not plan any autonomous Continuation of the app |
October 2020 | 400,000 | 400,000 |
| Coop Finance+ (coop) Coop is not planning any self-reliant Continuation of the app |
October 2023 | Not specified | Not specified |
Neo-Banks in Liquidation
The Swiss neo-bank landscape has also seen some failures, with certain entities undergoing liquidation.
| Neo Banks in liquidation | Market Entry | customer in Total | Customers in Switzerland |
|---|---|---|---|
| FlowBank Finma: bankruptcy opened on June 13, 2024 |
november 2020 | Not specified | Not specified |
| Swiss4 Finma: bankruptcy opened on March 4, 2025 |
April 2023 | not specified | Not specified |
Swiss Neo-Banks: Your Questions answered
This guide provides a current overview of the neo-banking landscape in Switzerland. We’ll cover active players, foreign entrants, and other relevant information.
What is a Neo-Bank?
A neo-bank is a type of digital bank that operates entirely online, without physical branches. Swiss neo-banks offer financial services like checking accounts, savings, and sometimes investment options, all managed through mobile or web apps.
which Neo-Banks are Active in Switzerland?
The following Swiss neo-banks are currently active, according to the provided information:
Neon:
Market Entry: march 2019
Customers in Total: 237,000
Customers in Switzerland: 237,000
Radicant (BLKB):
Market Entry: August 2023
Customers in Total: 10,000
Customers in Switzerland: 10,000
Yapeal:
Market Entry: july 2020
Customer Numbers: Not specified
YUH (Postfinance & swissquote):
Market Entry: May 2021
Customers in Total: 300,000
Customers in Switzerland: 300,000
ZAK (Bank Cler):
Market Entry: March 2018
Customers in Total: 70,000
Customers in switzerland: 70,000
What are the Market Entry Dates of Neo-banks in Switzerland?
The market entry dates are provided in the tables:
neon: March 2019
Radicant (BLKB): August 2023
Yapeal: July 2020
YUH (Postfinance & swissquote): May 2021
ZAK (Bank Cler): March 2018
N26: Switzerland 2019
Revolut: Switzerland 2017
Wise: march 2010
Reliae: October 2023
CSX (Credit Suisse): October 2020
Coop finance+ (Coop): October 2023
FlowBank: november 2020
Swiss4: April 2023
Are There Foreign Neo-Banks Operating in Switzerland?
Yes, several international neo-banks offer their services to Swiss customers. These include:
N26
Revolut
Wise
Table summarizing Customers and Market Entry:
Here’s a consolidated view of the neo-banks mentioned, including their customer numbers (where available) and market entry information:
| Neo-Bank | Market Entry in Switzerland | Customers in Switzerland | notes |
|---|---|---|---|
| Neon | march 2019 | 237,000 | |
| Radicant (BLKB) | August 2023 | 10,000 | |
| Yapeal | July 2020 | Not specified | |
| YUH (Postfinance & swissquote) | May 2021 | 300,000 | |
| ZAK (Bank Cler) | March 2018 | 70,000 | |
| N26 | 2019 | Not specified | |
| Revolut | 2017 | 1,000,000 | |
| Wise | March 2010 | Not specified | |
| Reliae | October 2023 | Follow information | Vertical focus |
| CSX (Credit Suisse) | October 2020 | 400,000 | App discontinued |
| Coop Finance+ (Coop) | October 2023 | Not specified | App discontinued |
| FlowBank | November 2020 | Not specified | In Liquidation |
| Swiss4 | April 2023 | Not specified | In Liquidation |
What are Neo-Bank Verticals?
Some neo-banks focus on specific areas within the financial sector. This is mentioned in the document, but the specifics are not provided.One example given is reliae.
Are Any Neo-Banks in Liquidation or undergoing Changes?
Yes. The provided information notes the following:
FlowBank: In liquidation (Finma: bankruptcy opened on june 13, 2024)
Swiss4: In liquidation (Finma: bankruptcy opened on March 4, 2025)
Certain established financial institutions have made neo-bank offerings but are now facing uncertainties, see:
CSX (Credit Suisse): UBS does not plan any autonomous Continuation of the app.
* Coop Finance+ (coop): Coop is not planning any independent Continuation of the app.
Why are Some Customer Numbers Not Specified?
The provided text notes that customer numbers for some neo-banks may not be current due to a lack of recent communication. Neo-banks are encouraged to provide updated figures.