Monzo

Neobanks May Face Squeeze in Europe If X-Border Fee Caps Materialize
Neobanks May Face Squeeze in Europe If X-Border Fee Caps Materialize
December 13, 2023  |  Regulation

Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As...

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Monzo Picks Cash App Vet Conor Walsh for US CEO
Monzo Picks Cash App Vet Conor Walsh for US CEO
October 04, 2023  |  Personnel

British digital bank Monzo has named Conor Walsh to head its U.S. operations. Walsh, a veteran of Cash App, was named the bank’s U.S. CEO on Wednesday (Oct. 4), according...

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UK Neobank Monzo Unveils Investment Tools
UK Neobank Monzo Unveils Investment Tools
September 12, 2023  |  Digital Banking

British digital-only bank Monzo has added an investment feature to its offerings. Announced Tuesday (Sept. 12), the bank’s Investments feature lets customers put their money...

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UK Neobank Monzo Records First Monthly Profits
UK Neobank Monzo Records First Monthly Profits
May 31, 2023  |  Digital Banking

British neobank Monzo says it has reached profitability while reducing its annual losses. According to the bank’s annual report, Monzo reported net operating income of...

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Chime, Nubank and Revolut Tie for No. 1 in Digital Banking Apps Provider Ranking
Chime, Nubank and Revolut Tie for No. 1 in Digital Banking Apps Provider Ranking
April 20, 2023  |  Digital Banking

People can’t seem to decide which digital banking experience they like best, which would explain the tangle of tied scores and new or returning names...

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Europe’s Neobank Struggles Offer Fertile Ground for Traditional FIs to Gain Share
Europe’s Neobank Struggles Offer Fertile Ground for Traditional FIs to Gain Share
April 19, 2023  |  Banking

The neobanks promised to shake up the world. Especially in Europe. It hasn’t quite worked out that way. As the first quarter of 2023 is...

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Provider Ranking of Digital Banking Apps Welcomes Back Some Hot Apps
Provider Ranking of Digital Banking Apps Welcomes Back Some Hot Apps
March 20, 2023  |  Mobile Applications

The rich and varied world of digital banking is perhaps best captured by PYMNTS Provider Ranking of Digital Banking Apps, where we find the top...

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FinTechs’ Shift Toward Profitability Gets Mixed Views From VCs
FinTechs’ Shift Toward Profitability Gets Mixed Views From VCs
March 06, 2023  |  Fintech Investments

In a race to break even, British FinTech giant Revolut is the latest startup to claim profitability, a milestone that few neobanks have attained despite...

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Monzo Founder Joins $10.5M Fundraise for UK’s Robin AI’s Legal Tech
Monzo Founder Joins $10.5M Fundraise for UK’s Robin AI’s Legal Tech
February 27, 2023  |  artificial intelligence

Robin AI has raised $10.5 million for its legal industry-focused artificial intelligence (AI) tool. The U.K. company announced the Series A funding Monday (Feb. 27),...

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