Monzo

Monzo Revenue Surges 250% as UK Neobanks Talk Up Profitability
Monzo Revenue Surges 250% as UK Neobanks Talk Up Profitability
January 31, 2023  |  Earnings

Monzo is one step closer to achieving annual profitability by the end of this year. The firm’s latest earnings show that the U.K.-based neobank’s annualized...

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Neobank Monzo Will Be Profitable in 2023, CEO Says 
Neobank Monzo Will Be Profitable in 2023, CEO Says 
December 01, 2022  |  Digital Banking

British neobank Monzo will soon become profitable, CEO TS Anil said.  Speaking at a Financial Times (FT) event, Anil said, “We will be profitable in...

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Chime, Nubank No.1 in PYMNTS’ Digital Banking App Provider Ranking
Chime, Nubank No.1 in PYMNTS’ Digital Banking App Provider Ranking
October 25, 2022  |  Digital Banking

In the latest edition of PYMNTS’  Provider Ranking of Digital Banking apps, 13 apps have earned a place on this month’s Top 10 list. Highlights...

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UK’s 10% Inflation Rates Stretch Consumers’ Paychecks and Patience
UK’s 10% Inflation Rates Stretch Consumers’ Paychecks and Patience
August 18, 2022  |  Personal Finance

Amid soaring inflation and rising food and fuel prices, terms like financial literacy and spend management have emerged as some of the biggest buzzwords in...

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As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
July 31, 2022  |  Digital Banking

The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which...

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UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
July 28, 2022  |  Digital-First Banking

Financial transaction records can act as important evidence when securing a loan or mortgage, and U.K. banks are legally obliged to provide this information to...

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Digital Banking App Provider Ranking Sees Two Contenders Join the Top 10
Digital Banking App Provider Ranking Sees Two Contenders Join the Top 10
July 14, 2022  |  Mobile Applications

Like Scrooge McDuck frolicking in his pile of coins, PYMNTS’ Provider Ranking of Digital Banking Apps is awash in valuable items. In fact, 15 apps...

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Digital Banking App Provider Ranking Strikes Gold with 3 Perfect Scores
Digital Banking App Provider Ranking Strikes Gold with 3 Perfect Scores
June 03, 2022  |  Digital-First Banking

There’s a wealth of top-ranked apps to consider in the latest edition of PYMNTS’ Provider Ranking of Digital Banking Apps because three contenders have achieved a...

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Neobank Weekly: Revolut Launches New Initiative; Monzo Issues Scam Warning
Neobank Weekly: Revolut Launches New Initiative; Monzo Issues Scam Warning
February 25, 2022  |  Digital Banking

Revolut Launches New Initiative This Week Less than a week after London-based digital bank Revolut introduced a new payroll management service in the United Kingdom,...

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