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:
| Neobank | Alpian | Neon | Yuh | Zach |
|---|---|---|---|---|
| Users | +1200/month | 195,000 | 200,000 | 65,000 |
| Monthly active users | 80% | |||
| 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 2024 | 260,000 | |||
| 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 |
