Insider Intelligence delivers leading-edge research to clients in a variety of forms, including full-length reports and data visualizations to equip you with actionable takeaways for better business decisions.
In-depth analysis, benchmarks and shorter spotlights on digital trends.
Learn More
Interactive projections with 10k+ metrics on market trends, & consumer behavior.
Learn More
Proprietary data and over 3,000 third-party sources about the most important topics.
Learn More
Industry KPIs
Industry benchmarks for the most important KPIs in digital marketing, advertising, retail and ecommerce.
Learn More
Client-only email newsletters with analysis and takeaways from the daily news.
Learn More
Analyst Access Program
Exclusive time with the thought leaders who craft our research.
Learn More

About Insider Intelligence

Our goal at Insider Intelligence is to unlock digital opportunities for our clients with the world’s most trusted forecasts, analysis, and benchmarks. Spanning five core coverage areas and dozens of industries, our research on digital transformation is exhaustive.
Our Story
Learn more about our mission and how Insider Intelligence came to be.
Learn More
Rigorous proprietary data vetting strips biases and produces superior insights.
Learn More
Our People
Take a look into our corporate culture and view our open roles.
Join the Team
Contact Us
Speak to a member of our team to learn more about Insider Intelligence.
Contact Us
See our latest press releases, news articles or download our press kit.
Learn More
Advertising & Sponsorship Opportunities
Reach an engaged audience of decision-makers.
Learn More
Browse our upcoming and past webinars and other events.
Learn More
Tune in to eMarketer's daily, weekly, and monthly podcasts.
Learn More

Mos could make neobanking inroads with Gen Z

The news: Edtech Mos wants to be the neobank for college students that it first serves via scholarship links—and founder Amira Yahyaoui sees a clear path forward, per a TechCrunch feature.

More on this: Founded in 2017, the company has given more than 400,000 students access to a financial-aid pool with a combined value above $160 billion, the publication reported, adding that declared scholarship funds topped $1.5 billion as of 2021.

  • Mos recently bagged $40 million from a Series B round with a $400 million valuation.
  • Its steps into neobanking within the past year include a debit-card rollout. Mos’s revenue mix now includes fees for scholarship access and interchange.
  • The debit card has no charges for overdrafts or ATM-network status; it also lacks late fees and balance minimums.
  • More than 100,000 students have opened accounts during the initial quarter for the card’s rollout, Yahyaoui told TechCrunch, and estimated that Mos has become the 10th largest US neobank.

How Mos differentiates itself: It’s taking a “community-first approach,” per TechCrunch, which entails acquiring customers, gaining their trust, and then selling them new products.

  • Yahyaoui sees Mos’s model as a way to maintain post-college relationships with young adults: “We cater to you in those first years of adulthood, and in the future we’ll grow up with you because you will be getting out of college, having apartments, renting and paying for rent.”

The neobank faces competition for its target demographic, the publication points out.

  • This includes Frank, which JPMorgan Chase recently acquired, and Thrive, which gives people cash tied to their college offer letters.
  • Yahyaoui is skeptical of established players succeeding in the student space, telling TechCrunch that “banks are trying to become relevant, but students don’t buy the BS that incumbents are doing.”

Why it could succeed: Mos is well-positioned to become its new customers’ primary bank because its relationship to them is connected with one of their most important life events. By using scholarships as a starting point—instead of promoting banking products first and foremost—the company has differentiated its approach from other US challengers.

This tactic fits well with the preferences of Gen Z consumers for multiple reasons, per our recent report on their financial behaviors:

  • They are relatively debt-averse and grew up seeing millennials struggling with their own student-loan obligations. Mos’s promotion of scholarships as a substitute for debt is consistent with their concerns.
  • They highly value financial literacy, which gives Mos an opening both with its scholarships service and in offering advice-based products. “More hands-on advisor consultations” could be added, TechCrunch reported.
  • They often distrust incumbent financial institutions. For example, data from the Center for Generational Kinetics found that a mere 11% of women and only 19% of men surveyed said they sought out advice from associates at banks or credit unions.
  • They are a growing base of digital users. Our forecast shows that the number of Gen Z digital-banking users in the US will reach 45.4 million in 2025, up from just 22.7 million in 2020.