App Avalanche: Neo-Banks’ 40% Leap Reshapes Retail
BENGALURU – Jupiter/Fi neo-banks crossed 50 Mn users Q3 2025, +40% YoY (Redseer), zero branches all AI. “Gig seamless,” Jupiter CEO Jitendra Gupta, as UPI 20.8 Bn Aug (+36%).
X: #NeoBank40 (90K), “Queue-free” (18K views).
Comparisons: Vs. SBI 22K branches, neo’s 1.5% overhead savings.
AI Arsenal: 11% Loans, UPI Credit Pilots
Alt-data: 11% vs banks 14%. $900 Mn Q3 funding.
X: “Speed vs trust?”
Inclusion Ignition: Rural/Women 48%
Tier-3 +32%; vs 2020: 16x. DPDPA secures.
Horizon: $1.2 Tn 2030. Neo: Friction’s foe.
Key Takeaways
- User Uplift: 50 Mn (+40%), 0-branch at 1.5% costs.
- Lending Leap: AI 11% rates, UPI pilots.
- Equity Edge: 48% women/rural; 16x growth since 2020.