Blick takes a tour of Swiss neobanks

The newspaper Blick has just done an overview of Swiss neobanks. Here is what you should remember from this article.

Not mentioned in the article are neo-banks accessible to Swiss residents but based abroad such as Revolut and N26. Is this an oversight on the part of the newspaper or intentional?

We also note the absence of CSX, Radicant and Yapeal. As much as this can be understood for CSX since the acquisition of Credit Suisse by UBS, it seems to be an oversight (or lack of time) for Radicant and Yapeal.

The article therefore focuses on Alpian, Neon, Yuh and Zak and here are the key figures:

NeobankAlpian Neon Yuh Zach
Users+1200/month 195,000 200,000 65,000
Monthly active users80%
Card users 2/3 of customers
Investors 50% of customers
Assets under management (tripleé since 2024) 1.1 billion CHF 1.5 billion CHF 800 million CHF
Users target 2024260,000
Banking license Complete Restricted (Hypothekarbank Lenzburg) Restricted (PostFinance & Swissquote) Restricted (Cler Bank)
Profitable Not yet, aim for 2027 Not yet, aim for 2025 Not yet, aim for 2025 Yes
New products planned Retail Products Stocks, ETFs, joint accounts Insurance, mortgages, etc. Digital products

 

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