Top 10 European Neobanks 2026

N26, the Berlin-founded neobank launched in 2015, holds a full European banking licence from BaFin and serves approximately 8 million customers across 24 European countries with a mobile-first current account, savings, and investment products. Valued at €7.7 billion following its 2021 funding round, N26 has focused on profitability after withdrawing from the US and UK markets in 2021-2022 to concentrate resources on its European core. In 2025 N26 launched N26 Business and expanded its N26 Crypto offering to seven additional EU markets.

N26

Monzo, the London-based neobank founded in 2015 by Tom Blomfield, has grown to over 9 million UK customers and achieved its first full year of profitability in 2023 with £214 million in net revenue. Valued at £4.5 billion following a 2024 US investor-led funding round, Monzo holds a full UK banking licence, offers FCA-regulated current accounts with FSCS deposit protection up to £85,000, and has expanded into personal loans, savings pots, and flexible credit. A US market launch began in 2024 with a partnership-based model.

Monzo

bunq, the Amsterdam-founded neobank established in 2012 by Ali Niknam — Europe's most self-funded FinTech — holds a full Dutch banking licence and operates across the EU with a product range designed for "digital nomads" and mobile professionals, including multi-currency accounts, instant payments across 30 currencies, and the ability to open an account in 5 minutes from anywhere in the EU. Bunq reported €53 million in net profit for 2023, becoming one of Europe's few profitable neobanks. Its 2024 acquisition of Capitalflow expanded its Irish SME lending footprint.

bunq

Vivid Money, founded in Berlin in 2020 by former Tinkoff executives and backed by Ribbit Capital, offers a commission-free investment account, cashback current account, and fractional shares in a single app for European retail customers. With over 500,000 customers primarily in Germany and France, Vivid leverages its investment-first positioning to differentiate from pure current account neobanks. Banking services are provided via partner SolarisBank (now Solaris), while the investment component is separately licensed as a European investment firm.

Vivid Money

Trade Republic, the Berlin-based investment superapp founded in 2015, has grown to over 8 million customers across 17 European countries and manages over €35 billion in client assets, making it Germany's largest consumer broker. Following its ECB-backed banking licence granted in 2023, Trade Republic now offers a current account with a 4% interest rate (3.25% in 2025) on uninvested cash, a Visa debit card with 1% cashback in shares, and savings plans for stocks and ETFs from €1. Valued at €5 billion in its 2023 funding round.

Trade Republic

Qonto, the Paris-founded B2B neobank established in 2017, serves over 500,000 European SMEs, freelancers, and startups with business current accounts, multi-user access, expense management, accounting integrations, and invoice management. Valued at €4.4 billion following a €486 million Series D in 2022, Qonto has expanded from France to Germany, Italy, and Spain, becoming the leading European business neobank by customer count. Its 2023 acquisition of Penta, a German business neobank, accelerated DACH growth.

Qonto

Starling Bank, founded in London in 2014 by Anne Boden, holds a full UK banking licence and has grown to 3.6 million personal and business accounts, achieving consecutive years of profitability with £301 million pre-tax profit in the year to March 2024. Distinctive among UK neobanks for its BaaS (Banking-as-a-Service) model, Starling licenses its cloud-native banking infrastructure to other banks globally through its Engine platform, including AMP Bank in Australia and Salt Bank in Romania. Starling was valued at approximately £2.5 billion in its 2022 funding round.

Starling Bank

Paysend, the London-founded global digital payments platform established in 2017, enables consumers and SMEs to send money internationally to 170 countries across bank accounts, cards, mobile wallets, and cash pick-up points, processing over $7 billion in annual transfer volume. With 8 million customers and flat-fee international transfers from £1, Paysend targets the large European migrant remittance corridor to Eastern Europe, Central Asia, and Africa. In 2025 Paysend launched Paysend Business, a multi-currency business account with embedded FX and global payroll.

Paysend

Lunar, headquartered in Aarhus, Denmark and founded in 2015, is Scandinavia's leading neobank with over 600,000 customers across Denmark, Sweden, and Norway, holding full banking licences in all three countries. Backed by Kinnevik and Nordic Capital with a €2 billion+ valuation, Lunar offers current accounts, investments, personal loans, and a unique "Lunar Way" subscription that includes cashback, travel insurance, and identity protection. Its 2022 acquisition of Norwegian bank Instabank and the 2024 launch of Lunar Business have accelerated its Nordic market position.

Lunar

N26, the Berlin-founded neobank launched in 2015, holds a full European banking licence from BaFin and serves approximately 8 million customers across 24 European countries with a mobile-first current account, savings, and investment products. Valued at €7.7 billion following its 2021 funding round, N26 has focused on profitability after withdrawing from the US and UK markets in 2021-2022 to concentrate resources on its European core. In 2025 N26 launched N26 Business and expanded its N26 Crypto offering to seven additional EU markets.

N26

Monzo, the London-based neobank founded in 2015 by Tom Blomfield, has grown to over 9 million UK customers and achieved its first full year of profitability in 2023 with £214 million in net revenue. Valued at £4.5 billion following a 2024 US investor-led funding round, Monzo holds a full UK banking licence, offers FCA-regulated current accounts with FSCS deposit protection up to £85,000, and has expanded into personal loans, savings pots, and flexible credit. A US market launch began in 2024 with a partnership-based model.

Monzo

bunq, the Amsterdam-founded neobank established in 2012 by Ali Niknam — Europe's most self-funded FinTech — holds a full Dutch banking licence and operates across the EU with a product range designed for "digital nomads" and mobile professionals, including multi-currency accounts, instant payments across 30 currencies, and the ability to open an account in 5 minutes from anywhere in the EU. Bunq reported €53 million in net profit for 2023, becoming one of Europe's few profitable neobanks. Its 2024 acquisition of Capitalflow expanded its Irish SME lending footprint.

bunq

Vivid Money, founded in Berlin in 2020 by former Tinkoff executives and backed by Ribbit Capital, offers a commission-free investment account, cashback current account, and fractional shares in a single app for European retail customers. With over 500,000 customers primarily in Germany and France, Vivid leverages its investment-first positioning to differentiate from pure current account neobanks. Banking services are provided via partner SolarisBank (now Solaris), while the investment component is separately licensed as a European investment firm.

Vivid Money

Trade Republic, the Berlin-based investment superapp founded in 2015, has grown to over 8 million customers across 17 European countries and manages over €35 billion in client assets, making it Germany's largest consumer broker. Following its ECB-backed banking licence granted in 2023, Trade Republic now offers a current account with a 4% interest rate (3.25% in 2025) on uninvested cash, a Visa debit card with 1% cashback in shares, and savings plans for stocks and ETFs from €1. Valued at €5 billion in its 2023 funding round.

Trade Republic

Qonto, the Paris-founded B2B neobank established in 2017, serves over 500,000 European SMEs, freelancers, and startups with business current accounts, multi-user access, expense management, accounting integrations, and invoice management. Valued at €4.4 billion following a €486 million Series D in 2022, Qonto has expanded from France to Germany, Italy, and Spain, becoming the leading European business neobank by customer count. Its 2023 acquisition of Penta, a German business neobank, accelerated DACH growth.

Qonto

Starling Bank, founded in London in 2014 by Anne Boden, holds a full UK banking licence and has grown to 3.6 million personal and business accounts, achieving consecutive years of profitability with £301 million pre-tax profit in the year to March 2024. Distinctive among UK neobanks for its BaaS (Banking-as-a-Service) model, Starling licenses its cloud-native banking infrastructure to other banks globally through its Engine platform, including AMP Bank in Australia and Salt Bank in Romania. Starling was valued at approximately £2.5 billion in its 2022 funding round.

Starling Bank

Paysend, the London-founded global digital payments platform established in 2017, enables consumers and SMEs to send money internationally to 170 countries across bank accounts, cards, mobile wallets, and cash pick-up points, processing over $7 billion in annual transfer volume. With 8 million customers and flat-fee international transfers from £1, Paysend targets the large European migrant remittance corridor to Eastern Europe, Central Asia, and Africa. In 2025 Paysend launched Paysend Business, a multi-currency business account with embedded FX and global payroll.

Paysend

Lunar, headquartered in Aarhus, Denmark and founded in 2015, is Scandinavia's leading neobank with over 600,000 customers across Denmark, Sweden, and Norway, holding full banking licences in all three countries. Backed by Kinnevik and Nordic Capital with a €2 billion+ valuation, Lunar offers current accounts, investments, personal loans, and a unique "Lunar Way" subscription that includes cashback, travel insurance, and identity protection. Its 2022 acquisition of Norwegian bank Instabank and the 2024 launch of Lunar Business have accelerated its Nordic market position.

Lunar