List of Adult friendly Neobanks & EMI's offering business accounts

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MikeRoss

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Jun 8, 2021
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Let's build a list of adult industry friendly neobanks and EMI's that offer accounts for international businesses.

I will start it with these:
  • Paxum.com
  • Bitsafe.com
Not the best ones but still... I hope to add some better options soon

Please share the other ones that that you've personally tried or heard of.
I will keep updating the list. Make 'em coming
 
Okay, very stupid question, but what exactly is a NEOBANK ?

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FinTech Avenger said:
Digital bank without branches - like Starling, N26, Solarisbank
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So they are the same as what we all call them here on the forum EMI's / Electronic Money Institutions ?

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uplana said:
So they are the same as what we all call them here on the forum EMI's / Electronic Money Institutions ?
Click to expand...
Nope.
Neobanks either hold their own banking license (meaning they are no inferior to brick&mortar banks) or "share" the banking license with a larger-sacle bank that provides such "license-lending" solution.
EMI usually hold non-banking licenses named "e-money", "financial service", etc.
 
Thank you for clarification so I learned something new.

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just69 said:
Nope.
Neobanks either hold their own banking license (meaning they are no inferior to brick&mortar banks) or "share" the banking license with a larger-sacle bank that provides such "license-lending" solution.
EMI usually hold non-banking licenses named "e-money", "financial service", etc.
Click to expand...
This is news for me... Can you give me an example of this "sharing"?
 
lacomaco said:
This is news for me... Can you give me an example of this "sharing"?
Click to expand...
Both Ally and Chime are major neobanks in the US providing standard checking and saving accounts. But unlike Ally which is an FDIC member itself, Chime has its "Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC". Here Bancorp and Stride are the solution providers I mentioned earlier. Take a look at Bancorp's website and you'll see that they are specialised in this and do not provide personal banking service.
 
does anyone have any more recommendations? you can also put links of mentor group posts that answer this question.
 
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