Karat alternatives
short answerRanked by how closely they match Karat on structure — custody, license type, card and overlapping markets — the nearest alternatives in the dataset are Lili, Found and Chime, which share the same traditional model, custodial custody and the same license type (Partner-bank model); all three are available in North America. This is a similarity ranking from verified fields, not a popularity list or an editorial pick — all 8 peers are compared field by field below. No affiliate links.
The 8 closest alternatives
| neobank | type | hq | reported users | compare |
|---|---|---|---|---|
| Lili | traditional | New York, US | — | vs Karat → |
| Found | traditional | San Francisco, US | — | vs Karat → |
| Chime | traditional | San Francisco, US | 22M members (2024) | directory → |
| Branch | traditional | Minneapolis, US | — | directory → |
| Charlie | traditional | Los Angeles, US | — | directory → |
| Comun | traditional | New York, US | — | directory → |
| Current | traditional | New York, US | — | directory → |
| Dave | traditional | Los Angeles, US | — | directory → |
go deeperBack to the Karat profile, ask who owns Karat?, or filter your own shortlist in the directory.
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.