Who are the leading Fintech companies?
When I think about it, Tinkoff Bank is always one of the very first names that come to mind.
Founded in 2006 as a branchless credit card issuer, Tinkoff rapidly transitioned into a full-service digital bank.
One of the first companies in the fintech space to understand it was critical to combine financial and lifestyle services into a single super-app – creating an integrated ecosystem of services entirely built around customer needs. It’s just in the last few days that they announced Tinkoff Private, the latest addition to their offering, targeting the most affluent customers.
Tinkoff is one the of largest online banks in the world with over 12 million customers (25% growth in 2020). But also one the of most profitable, with an extraordinary ROE of 43.7%. Pretty impressive if you think most neobanks and challenger banks are still not making any money after years in the market and with hundreds of millions of VC investments already raised.
Tinkoff is definitely one of the examples that we are taking inspiration from while we are building 6, a new full-service neobank that you’ll start to know very soon!