Neobanks available in MENA
short answer79 of the 368 neobanks tracked here serve customers in MENA. Availability, not headquarters: a neobank appears here if it serves customers in MENA, wherever it is based. They include 1inch Card, AllScale, Avalanche Card, Avici and Baraka; all 79 are listed below with custody, licence and geography.
Availability, not headquarters: a neobank appears here if it serves customers in MENA, wherever it is based. Multi-region players are counted in every region they operate in, so these counts overlap by design.
All 79 neobanks in MENA
| neobank | type | hq | custody | licence / structure | reported users |
|---|---|---|---|---|---|
| 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) |
| 1inch Card | web3-native | Dubai, AE | Self-custodial | Self-custodial; card via Baanx/Crypto Life | — |
| 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 | — |
| Baraka | traditional | Dubai, AE | Custodial | DFSA-regulated investment firm (DIFC, ref. 4153); broker-led model, execution via licensed partners | — |
| Beyon Money | traditional | Manama, BH | Custodial | CBB-licensed payment institution group (Batelco Financial Services: PSP/AISP/PISP; BRS money changer; investment Cl.2) | — |
| 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) | — |
| Bleap | web3-native | London, UK | MPC self-custodial | MPC self-custody; MC principal member | — |
| Bybit Card | hybrid | Dubai, AE | Custodial | VARA (Dubai) + regional | — |
| 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) | — |
| Crypto.com | hybrid | Singapore, SG | Custodial | MiCA CASP, MAS MPI, US MSBs | — |
| Cypher | web3-native | — | Self-custodial | Self-custodial; principal card programs | — |
| D360 Bank | traditional | Riyadh, SA | Custodial | Digital bank licence (SAMA); PIF-backed | — |
| Daimo | web3-native | New York, US | Self-custodial | Open-source self-custodial software | — |
| Deel | hybrid | San Francisco, US | Custodial | MSB + US state money-transmitter licences (DPayments); US wallet via Alviere/CFSB; DLUSD via Bridge | — |
| 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 | — |
| Fasset | hybrid | Dubai, AE | Custodial | VARA VASP licence (Dubai, broker-dealer); provisional Islamic digital-bank licence in Malaysia | — |
| Hyperbeat | web3-native | — | Self-custodial | Self-custodial smart accounts (HyperEVM); Paxos Labs stablecoin infra | — |
| ila Bank | traditional | Manama, BH | Custodial | Bank (ABC Group) | — |
| 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 | — |
| Kolo | hybrid | — | Custodial | AIFC FinTech Lab licence (Kazakhstan) + Polish VASP; cards issued by Banco Popular de Puerto Rico | — |
| 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 | — |
| Liv. | traditional | Dubai, AE | Custodial | Operates under Emirates NBD's banking licence (CBUAE) as its digital bank | — |
| Mashreq Neo | traditional | Dubai, AE | Custodial | Bank (Mashreq) | — |
| 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 | — |
| Munify | traditional | Cairo, EG | Custodial | US accounts via partner banks; in-principle DFSA licence approval (UAE, Nov 2025) | — |
| Nexo | hybrid | Zug, CH | Custodial | EU VASP registrations; MiCA CASP application pending; EEA served via MiCA-licensed Tangany + DLT Finance | — |
| NOW Money | traditional | Dubai, AE | Custodial | E-money institution / Stored Value Facility licence (Central Bank of UAE); funds safeguarded at UAE banks incl. CBI | — |
| OKX Card | hybrid | — | Custodial | VARA, MiCA (Malta) | — |
| One Zero | traditional | Tel Aviv, IL | Custodial | Israeli banking licence | — |
| 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 | — |
| Pyypl | traditional | Dubai, AE | Custodial | FSRA (ADGM) money services licence No. 170031; non-bank payment institution; also CBB Bahrain, AFSA Kazakhstan | — |
| Rainbow | web3-native | New York, US | Self-custodial | Self-custodial software | — |
| 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) | — |
| Rizon | web3-native | — | Self-custodial | Self-custodial software | — |
| SafePal | web3-native | Singapore, SG | Self-custodial | Self-custodial software | — |
| Sarwa | traditional | Dubai, AE | Custodial | FSRA-regulated (ADGM, UAE) investment platform; robo-advisory and broker services | — |
| 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 | — |
| STC Bank | traditional | Riyadh, SA | Custodial | Digital bank licence (SAMA) | — |
| 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 | — |
| Telda | traditional | Cairo, EG | Custodial | CBE-regulated (Meeza) | — |
| Tria | web3-native | — | Self-custodial | Self-custodial software | — |
| Trust Wallet | web3-native | — | Self-custodial | Self-custodial software | — |
| Tweeq | traditional | Riyadh, SA | Custodial | SAMA e-money licence | — |
| 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 | — |
| Vision Bank | traditional | Riyadh, SA | Custodial | Full Saudi digital bank licence (SAMA); full operations approved Sep 2025 | — |
| WeFi | web3-native | — | Self-custodial | Self-custodial software | — |
| Weyay | traditional | Kuwait City, KW | Custodial | Bank (NBK) | — |
| Wio Bank | traditional | Abu Dhabi, AE | Custodial | UAE banking licence | — |
| 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 | — |
| YAP | traditional | Dubai, AE | Custodial | Partner bank (Ruya Community Islamic Bank, CBUAE-licensed; formerly RAKBANK) | — |
| Zand | traditional | Dubai, AE | Custodial | UAE banking licence | — |
| Zengo | web3-native | Tel Aviv, IL | MPC self-custodial | MPC self-custody; no seed phrase | — |
Common questions
Neobanks available in MENA: how many are there?
79 of the 368 neobanks tracked here serve customers in MENA. Every entry is verified active and listed on this page with its custody model, licence detail and the regions it serves.
Which neobanks in MENA are the largest?
Not answerable from public data: only 2 of these 79 disclose a user figure at all. The list below is therefore not a ranking, and anyone presenting one for this category is guessing.
What does this category actually mean?
Availability, not headquarters: a neobank appears here if it serves customers in MENA, 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 Latin America (108) · Neobanks available in Africa (88)
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.