Neobanks available in Latin America
short answer108 of the 368 neobanks tracked here serve customers in Latin America. Availability, not headquarters: a neobank appears here if it serves customers in Latin America, wherever it is based. The largest by disclosed users are Nubank, Mercado Pago, PicPay, Revolut and Banco Inter; all 108 are listed below with custody, licence and geography.
Availability, not headquarters: a neobank appears here if it serves customers in Latin America, wherever it is based. Multi-region players are counted in every region they operate in, so these counts overlap by design.
All 108 neobanks in Latin America
| neobank | type | hq | custody | licence / structure | reported users |
|---|---|---|---|---|---|
| Nubank | traditional | São Paulo, BR | Custodial | Bank licences BR/MX/CO; conditional US OCC approval (2026) | 131M customers (2025) |
| Mercado Pago | hybrid | Buenos Aires, AR | Custodial | Payment/fintech licences region-wide; pursuing MX bank licence | 78M MAU (2025) |
| PicPay | traditional | São Paulo, BR | Custodial | Payment institution + bank (BCB) | 58M users (2024) |
| Revolut | hybrid | London, UK | Custodial | UK banking licence (2024); EU licence (Lithuania) | 50M customers (2025) |
| Banco Inter | traditional | Belo Horizonte, BR | Custodial | Bank; Public (INTR) | 35M clients (2025) |
| PagBank | traditional | São Paulo, BR | Custodial | Bank; Public (PAGS) | 32M clients (2024) |
| Nequi | traditional | Medellín, CO | Custodial | Licensed compañía de financiamiento (Superfinanciera Colombia); spun out of Bancolombia's banking licence | 20M users (2024) |
| Wise | traditional | London, UK | Custodial | E-money/payment licences globally | 19M customers (FY26) |
| Phantom | web3-native | San Francisco, US | Self-custodial | Self-custodial software | 15M MAU (2025) |
| MiniPay | web3-native | Oslo, NO | Self-custodial | Self-custodial software | 10M wallets (2025) |
| 1inch Card | web3-native | Dubai, AE | Self-custodial | Self-custodial; card via Baanx/Crypto Life | — |
| Airtm | hybrid | Mexico City, MX | Custodial | MSB registration (FinCEN, No. 31000329787639); USDC-based dollar wallet | — |
| albo | traditional | Mexico City, MX | Custodial | IFPE licence (CNBV, Mexico, 2022) — e-money institution under Ley Fintech | — |
| AllScale | web3-native | — | Custodial | Self-custodial stablecoin platform; not a bank; compliance and settlement via licensed partners | — |
| Avalanche Card | web3-native | — | Self-custodial | Self-custodial; issuer partners | — |
| Avici | web3-native | — | Self-custodial | Self-custodial software | — |
| Belo | hybrid | Buenos Aires, AR | Custodial | VASP registration (CNV PSAV No. 52, Argentina, Jul 2024) | — |
| BFinance | hybrid | Prague, CZ | Custodial | Czech VASP registration; Marqeta-issued cards | — |
| Binance Card | hybrid | — | Custodial | Jurisdiction-dependent VASP registrations | — |
| Bitget Card | hybrid | — | Custodial | Exchange VASP registrations (Lithuania, Bulgaria, Poland, Czechia); cards via issuer partners (DCS, Fiat24, Immersve) | — |
| Bitget Wallet | web3-native | — | Self-custodial | Self-custodial; cards via DCS (Asia), Immersve (EU/UK/LatAm), Fiat24 (CN virtual) | — |
| Bitso | hybrid | Mexico City, MX | Custodial | IFPE (MX) + regional VASP licences | — |
| Bleap | web3-native | London, UK | MPC self-custodial | MPC self-custody; MC principal member | — |
| Brubank | traditional | Buenos Aires, AR | Custodial | Bank licence (BCRA) | — |
| Buenbit | hybrid | Buenos Aires, AR | Custodial | VASP — registered PSAV with CNV (Argentina); stablecoin-focused exchange + card | — |
| Bybit Card | hybrid | Dubai, AE | Custodial | VARA (Dubai) + regional | — |
| C6 Bank | traditional | São Paulo, BR | Custodial | Bank licence (BCB) | — |
| CEX.IO Card | hybrid | London, UK | Custodial | MSB (FinCEN) + US state money-transmitter licences; UK FCA cryptoasset registration; EU VASP (Lithuania) | — |
| COCA | hybrid | Dubai, AE | MPC self-custodial | MPC self-custody; e-money card partners (UK/EU) | — |
| Cora | traditional | São Paulo, BR | Custodial | SCFI licence (Central Bank of Brazil, Jul 2024) + payment institution; formerly SCD | — |
| Crypto.com | hybrid | Singapore, SG | Custodial | MiCA CASP, MAS MPI, US MSBs | — |
| Cuenca | traditional | Mexico City, MX | Custodial | IFPE licence (CNBV, Mexico, 2021) under Ley Fintech | — |
| Cypher | web3-native | — | Self-custodial | Self-custodial; principal card programs | — |
| Daimo | web3-native | New York, US | Self-custodial | Open-source self-custodial software | — |
| Daviplata | traditional | Bogotá, CO | Custodial | Operates under Banco Davivienda's Colombian banking licence (SFC-supervised) | — |
| Decaf | web3-native | — | Self-custodial | Self-custodial; issuer partners | — |
| Deel | hybrid | San Francisco, US | Custodial | MSB + US state money-transmitter licences (DPayments); US wallet via Alviere/CFSB; DLUSD via Bridge | — |
| DolarApp | hybrid | Mexico City, MX | Custodial | Digital-dollar (USDC) accounts on regulated partner banks' and custodians' rails; rebranded ARQ 2026 | — |
| El Dorado | web3-native | — | Self-custodial | Self-custodial software | — |
| EtherFi Cash | web3-native | Miami, US | Self-custodial | DeFi protocol + issuer partners | — |
| Exa | web3-native | Buenos Aires, AR | Self-custodial | DeFi protocol (Exactly); card via partners | — |
| Exodus | web3-native | Omaha, US | Self-custodial | Self-custodial software | — |
| Félix | hybrid | Mexico City, MX | Custodial | US money transmitter — state licences (NMLS 2302775); agent of UniTeller/Intermex; USDC rails via Bitso | — |
| Fondeadora | traditional | Mexico City, MX | Custodial | SOFIPO licence (Fondea Technologies S.F.P., CNBV Mexico, ex-Apoyo Múltiple); Prosofipo deposit insurance | — |
| Global66 | traditional | Santiago, CL | Custodial | Prepaid-card e-money issuer licence (CMF, Chile); cross-border FX via Global 81 SpA | — |
| Hey Banco | traditional | Monterrey, MX | Custodial | Own Mexican banking licence (CNBV banca múltiple); independent of Banregio since Jan 2026 | — |
| Hyperbeat | web3-native | — | Self-custodial | Self-custodial smart accounts (HyperEVM); Paxos Labs stablecoin infra | — |
| Infini | web3-native | — | Self-custodial | Self-custodial software | — |
| Karta | web3-native | Redwood City, US | MPC self-custodial | Self-custodial (MPC via Privy); Visa issued by Rain | — |
| KAST | hybrid | Hong Kong, HK | Custodial | Runs on licensed partners' rails: custody via BitGo/Fireblocks, Visa cards via licensed issuers; not a bank | — |
| Klar | traditional | Mexico City, MX | Custodial | SOFIPO licence (CNBV, Mexico); acquiring Bineo for its bank licence, approvals pending | — |
| Kolo | hybrid | — | Custodial | AIFC FinTech Lab licence (Kazakhstan) + Polish VASP; cards issued by Banco Popular de Puerto Rico | — |
| Kontigo | web3-native | — | Custodial | Self-custodial MPC wallet (USDC); no licence of its own; fiat rails via partners | — |
| Krak | hybrid | San Francisco, US | Custodial | US state licences; MiCA (EU) | — |
| KuCard | hybrid | — | Custodial | Card issued by Wallester AS (Estonian payment institution); KuCoin EU holds Austrian MiCA CASP licence | — |
| Lemon | hybrid | Buenos Aires, AR | Custodial | Registered VASP/PSAV (CNV Argentina, No. 162); payment account via Digifin S.A. | — |
| Littio | hybrid | Bogotá, CO | Custodial | On/off-ramp + issuer partners; USD via onchain treasuries | — |
| Lulo Bank | traditional | Bogotá, CO | Custodial | Bank licence (CO) | — |
| Meru | hybrid | Bogotá, CO | Custodial | MSB registration (FinCEN, R3mit Solutions Inc.); USDC accounts via licensed US/EU partners | — |
| MetaMask | web3-native | Consensys (global) | Self-custodial | Self-custodial software — no banking licence needed; card via licensed issuer partners | — |
| Moon | web3-native | — | Self-custodial | Self-custodial software | — |
| Movii | traditional | Bogotá, CO | Custodial | SEDPE e-money licence (Superintendencia Financiera, Colombia) | — |
| Naranja X | traditional | Córdoba, AR | Custodial | Bank (Grupo Galicia) | — |
| Neon | traditional | São Paulo, BR | Custodial | Payment institution / e-money issuer authorised by Banco Central do Brasil (2021); Neon CTVM brokerage | — |
| Nexo | hybrid | Zug, CH | Custodial | EU VASP registrations; MiCA CASP application pending; EEA served via MiCA-licensed Tangany + DLT Finance | — |
| NG.cash | traditional | Rio de Janeiro, BR | Custodial | Payment institution (Banco Central do Brasil, e-money issuer licence, May 2025) | — |
| Nomad | traditional | São Paulo, BR | Custodial | Partner bank (Community Federal Savings Bank, US); FX via Ouribank (Brazil) | — |
| OKX Card | hybrid | — | Custodial | VARA, MiCA (Malta) | — |
| Oobit | web3-native | Singapore, SG | Self-custodial | Self-custodial software | — |
| Payy | web3-native | New York, US | Self-custodial | Self-custodial ZK L2; card via issuer partners | — |
| Peanut | web3-native | Zug, CH | Self-custodial | Open-source protocol; no custody | — |
| Plasma One | web3-native | — | Self-custodial | Own L1; card via issuer partners | — |
| Plata | traditional | Mexico City, MX | Custodial | Full Mexican bank licence (Banco Plata, Mar 2026); Colombia Compañía de Financiamiento authorized | — |
| Prex | traditional | Montevideo, UY | Custodial | E-money (UY/AR/PE) | — |
| Pride Bank | traditional | São Paulo, BR | Custodial | Not a bank; payment arrangement on Digital Banks' rails (BaaS, Brazil) | — |
| Qik | traditional | Santo Domingo, DO | Custodial | Full banking licence (banco múltiple, Dominican Republic, Oct 2022; Grupo Popular) | — |
| Rainbow | web3-native | New York, US | Self-custodial | Self-custodial software | — |
| RappiPay | traditional | Bogotá, CO | Custodial | Finance company charter (compania de financiamiento, SFC Colombia, 2022); Rappi-Davivienda JV; Fogafin-insured | — |
| Ready | web3-native | London, UK | Self-custodial | Self-custodial software | — |
| RedotPay | hybrid | Hong Kong, HK | Custodial | Hong Kong MSO, money lender + TCSP licences; VASP (RedotX UAB, Lithuania FCIS); MSB registrations (US/Canada) | — |
| Ripio | hybrid | Buenos Aires, AR | Custodial | VASP: PSAV registration with CNV Argentina (Nos. 36/37, 2024); regional entities in BR/MX | — |
| Rizon | web3-native | — | Self-custodial | Self-custodial software | — |
| SafePal | web3-native | Singapore, SG | Self-custodial | Self-custodial software | — |
| Sling Money | web3-native | London, UK | Self-custodial | Self-custodial software | — |
| Solayer Emerald | web3-native | — | Self-custodial | Self-custodial; Visa principal program | — |
| Solflare | web3-native | Belgrade, RS | Self-custodial | Self-custodial software; card via issuer partners | — |
| Stori | traditional | Mexico City, MX | Custodial | Sofipo (MX) | — |
| Strike | hybrid | Chicago, US | Custodial | Money transmitter licences + NY BitLicense (NYDFS, 2026); Zap Solutions, Inc. | — |
| Superform | web3-native | — | Self-custodial | Self-custodial software | — |
| Tangem | web3-native | Zug, CH | Self-custodial | Self-custodial; funds in a user-controlled smart contract (USDC on Polygon); card by Paera LLC, issued by Third National via Rain | — |
| Tenpo | traditional | Santiago, CL | Custodial | Preparing Chilean bank licence | — |
| Tria | web3-native | — | Self-custodial | Self-custodial software | — |
| Trust Wallet | web3-native | — | Self-custodial | Self-custodial software | — |
| Tuyo | web3-native | — | Self-custodial | Self-custodial software | — |
| Ualá | traditional | Buenos Aires, AR | Custodial | Bank licences (AR via Wilobank, MX via ABC Capital) | — |
| ueno bank | traditional | Asunción, PY | Custodial | Bank licence (PY) | — |
| UglyCash | web3-native | San Juan, PR | Custodial | US MSB + issuer partners | — |
| Uphold | hybrid | New York, US | Custodial | FinCEN MSB + state money-transmitter licences (US); FCA-registered cryptoasset firm (UK) | — |
| UR | hybrid | — | Custodial | Swiss fintech banking licence (Art. 1b Banking Act, FINMA; SR Saphirstein AG); tokenized deposits | — |
| Veera | web3-native | Singapore, SG | Self-custodial | Self-custodial; passkey-secured non-exportable keys | — |
| WeFi | web3-native | — | Self-custodial | Self-custodial software | — |
| Wirex | hybrid | London, UK | Custodial | E-money institution (FCA, FRN 902025); crypto via Wirex Digital Services VASP (OAM Italy) | — |
| Xapo Bank | hybrid | Gibraltar | Custodial | Gibraltar banking licence | — |
| XPlace | hybrid | Dubai, AE | Custodial | Self-custodial (non-custodial Solana smart contracts); cards issued via Rain (Signify Holdings) under Visa licence | — |
| xPortal | web3-native | Sibiu, RO | Self-custodial | Self-custodial software | — |
| Xverse | web3-native | London, UK | Self-custodial | Self-custodial software | — |
| Zengo | web3-native | Tel Aviv, IL | MPC self-custodial | MPC self-custody; no seed phrase | — |
| Zinli | traditional | Panama City, PA | Custodial | Registered e-money issuer (MFTECH S.A.) with Superintendencia de Bancos de Panamá — AML/CFT supervision only | — |
Common questions
Neobanks available in Latin America: how many are there?
108 of the 368 neobanks tracked here serve customers in Latin America. Every entry is verified active and listed on this page with its custody model, licence detail and the regions it serves.
Which are the biggest neobanks in Latin America?
By self-reported users, Nubank, Mercado Pago, PicPay, Revolut and Banco Inter. Only 10 of these 108 disclose a user figure, so treat any ranking by size as partial rather than complete.
What does this category actually mean?
Availability, not headquarters: a neobank appears here if it serves customers in Latin America, wherever it is based. Multi-region players are counted in every region they operate in, so these counts overlap by design.
Related
Neobanks available in North America (119) · Neobanks available in Europe (139) · Neobanks available in Asia (128) · Neobanks available in Oceania (68) · Neobanks available in Africa (88) · Neobanks available in MENA (79)
go deeperFilter these live in the interactive directory, browse every cut of the dataset, or take the raw fields from data.json.
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.