NeuXP is an integrated digital banking platform that offers comprehensive services with flexible, accessible and simple user experience. As the next norm of digital banking, NeuXP is rapidly moving into the digital finance space with its network advantage and leading-edge technology. Its fully digitalised banking platform is designed to address the concerns of non-residents, extending beyond what’s normally made available by other providers in Europe, USA and Asia. Besides its core banking products, NeuXP provides a complete banking ecosystem that complements the lifestyle needs of its users.
- Projected revenue from $6.3m (Y1) to $94.70m (Y3), primarily driven by the forecast growth in the lending book and customer growth. Revenue includes deposits, subscription income, remittance, cards and platform fee. - NeuXP has qualified and was shortlisted in various regional as well as renowned global competitions and pitch events. Since its inception, it has been aggressively participating in highly acclaimed virtual conferences to introduce its vision of transforming the digital banking experience. - Through the acquisition of members on its NeuCommunity digital platform, it has the leverage to engage its target market and position NeuXP as the next norm of digital banking. - On track with its launching plan (Spring 2021), NeuXP is already in engagement with technology and product partners across Europe, the USA, and Asia. It has formed a collaborative partnership with an e-commerce retail provider in the USA and looking to collaborate with more.
- As we work towards an exponential global reach to transform the digital banking experience, we will launch by phases to Europe, the USA, and Asia, followed by other global markets. - We aim to reach the non-residents of Europe, the USA, and Asia between the ages of 10 and 40. - This target market alone is worth a value of USD 37 billion, from which we expect to gain 10% serviceable obtainable market of USD4 billion in value.
Problem or Opportunity
NeuXP solves the problem for non-residents in Europe, USA and Asia either travelers, students or expats to open a European bank account.
Solution (product or service)
Delivered digitally through a modern Banking-as-a-Service (BaaS) platform that offers seamless remote handling, NeuXP solves the above problem by offering a one-of-a-kind digital banking service. We come out with this solution because we experience it at the first hand, the hassle and long process in having a foreign bank account if you are not the resident of the country.
NeuXP competitor is other digital banks that offers banking services such as: Revolut: https://www.revolut.com/ N26: https://n26.com/en-eu Starling Bank: https://www.starlingbank.com/
Advantages or differentiators
Designed to address the concerns of non-residents, extending beyond what’s normally made available by other providers.
Revenue includes deposits, subscription income, remittance, cards and platform fee.
NeuXP business model will involve users’ premium subscriptions and transaction fees as well as merchants’ platform/ transaction fees/ commissions.