The world’s largest neobanks. What company is missing?

1. Revolut 🇬🇧 — $75B, 12.5x revenue

2. Nubank 🇧🇷 — $73B, 4.2x revenue

3. WeBank 🇨🇳 — $32B, 6.0x revenue

4. SoFi 🇺🇸 — $22B, 5.6x revenue

5. Jio Financial Services 🇮🇳 — $16B, 50.5x revenue

6. PayPay 🇯🇵 — $14B

7. Wise 🇬🇧 — $13B, 6.1x revenue

8. Chime 🇺🇸 — $8B, 3.5x revenue

9. KakaoBank 🇰🇷 — $8B, 7.9x revenue

10. Paytm 🇮🇳 — $7B, 8.2x revenue

The interesting part is not the ranking. It is the split in business models.

- Revolut is becoming a global financial super-app.

- Nubank is building a scaled digital banking franchise across Latin America.

- Wise is closer to cross-border infrastructure than a classic neobank.

- SoFi combines lending, banking, and financial technology through Galileo.

- WeBank, KakaoBank, PayPay, and Jio show another pattern: digital banking built on top of massive consumer ecosystems.

Ranking by multiples.vc