The neobank graveyard: why they died
9 neobanks have been delisted from the directory since tracking began — archived here with the cause of death, never silently deleted. 4 died when their partner bank or e-money rail pulled out, 2 were acquired and folded in, 1 was shut down by a regulator and 2 were wound down by the companies themselves. The pattern across them is the thesis of this site: a neobank almost never dies at the brand — it dies at a link in the money chain. The partner bank exits, the e-money rail terminates the contract, the ledger provider collapses. The full anatomy is in why neobanks die; the monthly toll runs in the report.
partner / rail exit (4)
Copper †2019–2026
partner / rail exit
Discontinued its teen bank accounts and debit cards on 13 May 2024, a day after telling customers, when Synapse — the banking middleware between it and Evolve Bank — collapsed; some families were locked out of deposits for days. Copper continues as a rewards app, and the family banking it said it would relaunch through larger banks had not appeared by October 2026.
Juno †2019–2026
partner / rail exit
Collateral damage of the 2024 Synapse/Evolve collapse: when Evolve Bank lost access to Synapse's ledger, customer funds froze across 50+ fintechs (~$95M went missing industry-wide). Juno wound down its Treasury account and pivoted to on-chain.
Fi Money †2019–2026
partner / rail exit
Partner Federal Bank ended the relationship (11 Mar 2026) amid the RBI's tightening of bank–fintech tie-ups and thin unit economics; 3.5M customers were redirected to the bank's own app as Fi pivoted to AI.
Kard †2018–2026
partner / rail exit
Its e-money provider terminated the contract, leaving no rail to operate on — the company went into liquidation.
acquired (2)
Pomelo †2021–2026
acquired
Acquired by Zepz (WorldRemit / Sendwave) in Jan 2026; the product was paused during integration and the team folded in — an exit, not a failure.
Z1 †2020–2026
acquired
Absorbed by crypto neobank NG.CASH; the Z1 brand was retired.
shut by regulator (1)
Will Bank †2017–2026
shut by regulator
Liquidated by Brazil's Central Bank (Jan 2026) — nominally for breaching Mastercard obligations, but tied to the collapse of the Banco Master conglomerate (a severe liquidity crisis and an ~R$11.5B fraud probe) that felled several linked institutions.
wound down (2)
Charlie †2022–2026
wound down
The Charlie Financial program closed on 22 January 2026, after customers were notified on 8 December 2025: deposit accounts and debit cards at Sutton Bank were shut, and Social Security direct deposits had to be redirected elsewhere. No public reason was given.
Ellevest †2014–2026
wound down
Left consumer banking and automated investing in 2025: Betterment took over about 70,000 robo-advice accounts in April 2025, and Ellevest kept only wealth-management clients with $500,000 or more. Its Coastal Community Bank cash accounts were not part of that transfer and are no longer offered.
The graveyard is part of the dataset
Every entry here lives in data.json under the graveyard key — the full last-known profile with status: "delisted", the delisting date and a structured cause, machine-readable like everything else. Delistings are also logged in the changelog, and each month's deaths get a post-mortem in the monthly report. If we got a cause wrong, or a listed neobank has quietly died, file a data fix.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.