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5 Best Neobanks or Fintech Platforms for Small Businesses

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While there are many traditional banks out there, sometimes it pays to think outside the box – or in this case, outside the big brick-and-mortar bank. In recent years, a new breed of financial institution has cropped up, known as neobanks or fintech platforms.

These entities tend to be digital-only and often have lower fees and more features than traditional banks. They may be worth considering if you’re a small business owner looking for a business bank account. Here are five of the best neobanks or fintech platforms for small businesses.


Wise is a modern neobank or fintech platform that is feature-rich offering everything you could want in a small business bank account. For starters, there are no monthly fees whatsoever. You’ll also get a Mastercard debit card that can be used for free at over 42 million locations worldwide.

In addition, Wise offers real-time currency exchange so you can save on international transaction fees, and even comes with its own mobile app for easy tracking of your finances on the go. Overall, Wise is an excellent option for small businesses that want low fees and great features without sacrificing customer support or ease of use while maintaining a virtual address.


RelayFi is another excellent option for small businesses, especially those that do a lot of international travel or have customers located overseas. That’s because RelayFi offers low fees on both domestic and foreign transactions, making it one of the most affordable options out there.

RelayFi provides a mobile app so you can keep track of your finances while on the go. And if you ever need help, RelayFi’s customer support team is available 24/7 to assist you. Overall, RelayFi is a great choice for small businesses that want low fees and great customer service.


Mercury is another great option for small businesses, particularly those that are looking for an easy way to accept payments from customers. That’s because Mercury offers a payment processing solution that allows you to accept credit and debit card payments from customers without having to set up a merchant account.

Mercury doesn’t charge any monthly fees, so you can save money every month by using their platform. Overall, Mercury is a great choice for small businesses that want an easy way to accept payments from customers without paying high fees.


Revolut is another excellent choice for small business owners who want to save on fees and get access to superior customer service. They offer free international money transfers, fee-free ATM withdrawals in over 120 countries, and even allow you to hold multiple currencies in one account.

Plus, their intuitive mobile app makes it easy to track your spending and transactions on the go. Whether you’re a brick-and-mortar business or an online store owner, Revolut is definitely worth considering as your go-to neo bank.


Last but not least is Zen, which is a great option for small businesses that want all the features of a traditional bank without the high fees. Zen offers free checking and savings accounts with no minimum balance requirements. You’ll also get a Mastercard debit card that can be used anywhere Mastercard is accepted.

Zen provides 24/7 customer support so you can always get help when you need it. Overall, Zen is a great choice for small businesses that want all the features of a traditional bank without the high fees.


There are many neo banks or fintech platforms out there that cater to small businesses. But not all of them are created equal. The four platforms listed above – Wise, RelayFi, Mercury, Revolut and Zen – are some of the best in terms of features, fees, and customer service. So if you’re looking for a business bank account that won’t break the bank (literally), one of these five platforms may be right for you.

About Author

Picture of Rick Mak

Rick Mak

Rick Mak is a 30-year veteran businessman, having started, bought, and/or sold more than a dozen companies. He has bachelor's degrees in International Business, Finance, and Economics, with masters in both Entrepreneurship and International Law. He has spoken at hundreds of conferences around the world during his career on entrepreneurship, international tax law, asset protection, and company structure. Business Anywhere Editorial Guidelines

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