I've marveled at the rise of the Neobanks across the globe. Each region, starting in Europe, has one or two mega, mobile-first banks that are serving customers well and capturing deposits. The speed with which these banks have swept into their markets is staggering. Nubank has grown to over 40MM customer accounts, up from just 1MM in less than 5 years, and has a $34BN market cap as of this post. Revolut has over 20MM customers, Chime has over 13MM and N26 has over 10MM, just to pick a few.