Failed neobank Frost re-emerges as profitable BaaS platform

A failed neobank based in Manchester has re-emerged as a profitable FinTech infrastructure provider. In 2024 Frost, which combined digital banking with energy-switching tools, closed all retail customer accounts after five years of operation. Despite attracting more than 18,000 users and processing tens of millions of pounds in transaction volume, changes in the market forced … Continue reading Failed neobank Frost re-emerges as profitable BaaS platform