Monzo

Monzo Closes In On New Funding As Valuation Plunges 40 Pct 
Monzo Closes In On New Funding As Valuation Plunges 40 Pct 
May 15, 2020  |  Investments

London FinTech unicorn Monzo is closing in on a new funding round as it faces a near 40 percent drop in valuation due to coronavirus...

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Monzo Ahead Of Revolut For US Banking License
Monzo Ahead Of Revolut For US Banking License
April 24, 2020  |  Banking

Monzo Bank Ltd., the British digital bank, has taken the next step to expand into the U.S. market, where it has already done some testing....

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London’s Monzo CEO To Forgo Salary As Workers Face Furlough
London’s Monzo CEO To Forgo Salary As Workers Face Furlough
March 31, 2020  |  Coronavirus

The 34-year-old top executive of digital bank Monzo will give up his salary for a year, while senior staffers take a 25 percent pay cut....

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Monzo’s Business Banking Account Offering Goes Live
Monzo’s Business Banking Account Offering Goes Live
March 17, 2020  |  B2B Payments

U.K. challenger bank Monzo has launched business bank accounts this week after a year-long trial period in which 2,500 customers got early access, according to a...

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Digital Banking Apps Vs The Establishment
Digital Banking Apps Vs The Establishment
February 25, 2020  |  Digital Banking

Dubbed “challenger banks” for shaking up the status quo of banking as we’ve always known it, digital banks with awesome apps are the FinTech alternative...

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N26’s UK Customers Scramble After Bank’s Exit
N26’s UK Customers Scramble After Bank’s Exit
February 18, 2020  |  Brexit

Online bank N26‘s decision to exit the U.K. has customers feeling left behind, CNBC reported. The Berlin-based digital bank said it would not be able...

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Monzo Hopes For Profit, New Digital Accounts And Hires
Monzo Hopes For Profit, New Digital Accounts And Hires
February 17, 2020  |  Digital Banking

British digital bank Monzo, expanding fast, wants to hire up to 500 people and (hopefully) reach 5.5 million users this year. The bank is also...

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Monzo Courts SoftBank As Part Of £100M Capital Raise
Monzo Courts SoftBank As Part Of £100M Capital Raise
January 27, 2020  |  Investments

British banking unicorn Monzo is in talks with Japanese investment conglomerate SoftBank for financial assistance in its growth plans into the U.S. Monzo Co-founder Tom...

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Monzo’s Cash Burn Sets Stage For Big Capital Raise In 2020
Monzo’s Cash Burn Sets Stage For Big Capital Raise In 2020
December 29, 2019  |  Digital Banking

As online banking continues rapidly evolving, ahead of another anticipated round of funding next year, digital challenger bank Monzo remains in discussions to secure as...

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