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Daily Digest | Navigating neobanks

Written by The Uptake Published on     1 min read

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There are only roughly 1 million customers using the top three neobanks in India.

Hey. It’s Brady again.

Jupiter is a neobank in India. Its user base was built on an invite-only basis, and it now has up to 6,000 new signups each day. The company and its founder and CEO, Jitendra Gupta, are interesting because their roadmap actually looks very well thought out.

Neobanks are still a relatively new thing, and Jupiter seems to have nailed the format, with plans to take it further.

One of the useful reference points mentioned by Gupta during an interview with our reporter, Moulishree, is that there are only roughly 1 million customers using the top three neobanks in India.

Considering the fact that these upstarts are pushing up against the complacency of not-so-efficient financial institutions, they might just bite off a big chunk of business.

For the full Q&A, check out Moulishree’s work here.

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