Only 368 Neobanks Actively Operating Globally, Two-Thirds Without Full Banking License

According to NeobankBeat data as of July 2026, 368 neobanks are actively serving approximately 1.46 billion users globally, with only 127 holding complete banking licenses. The remaining two-thirds rely on partnerships with banks, electronic money licenses, or payment institution arrangements, meaning customers often do not know where their funds are actually held.

Only 18% of the 368 neobanks have production-level AI deployments, with leaders concentrated in emerging markets including Nigeria, Philippines, and Mexico. The data set also identified a concentration risk: 106 infrastructure providers support the 368 consumer brands, with select banking partners and BaaS platforms each backing dozens of brands, potentially creating conditions similar to the Synapse collapse.