Archives

February 13, 2020 @ 11:12 am By Samantha Hurst  |  

Following the announcement that N26 was departing the UK after the country left the European Union, digital challenger bank Monzo shared with UK N26 customers the reasons to switch to its banking service. As previously reported, N26 reported that with the UK now having left… Read More

January 31, 2020 @ 10:15 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced earlier this week it has up’ed its security measures by upgrading its 3D Secure feature, which is a payment standard that aims to reduce e-commerce fraud by adding two-factor authentication to online transactions. The upgraded version of 3D Secure will… Read More

January 12, 2020 @ 10:42 pm By Samantha Hurst  |  

UK-based digital banking group Monzo celebrated the new year by sharing the successes of the past twelve months. The fintech revealed it started last January with just over a million customers, and now, over 3.6 million people bank with its platform. The company has since… Read More

January 10, 2020 @ 11:05 pm By Samantha Hurst  |  

Paul Rippon, Monzo’s Co-Founder and Deputy Chief Executive, announced this week he has stepped down from his position with the UK fintech to pursue an alpaca business, Barnacre Alpacas. In a letter published on Linkedin, Rippon revealed the exciting news and what’s next for him…. Read More

December 30, 2019 @ 7:32 am By Omar Faridi  |  

Digital bank Monzo is reportedly holding discussions with various large investors about potentially raising additional funds. Following its upcoming investment round, the company might become one of the UK’s largest Fintech startups. According to sources on the matter, Monzo is in talks with investors, some… Read More

December 19, 2019 @ 9:02 am By Samantha Hurst  |  

UK-based digital banking group Monzo announced on Wednesday it will now allow cash withdrawals in the European Economic Area (EEA) to be free. This news notably follows a change in EU regulation on cross-border payments we’ve decided to remove ATM fees and limits for countries… Read More

December 18, 2019 @ 3:40 pm By Samantha Hurst  |  

RDC (Regulatory DataCorp) announced on Wednesday it has renewed its agreement with UK-based digital banking group Monzo to help fight against anti-money laundering for the bank’s U.S. launch. According to RDC, the partnership will build on the success of the past two years in the… Read More

December 2, 2019 @ 7:23 am By Samantha Hurst  |  

UK-based digital banking group Monzo recently announced it is offering Google Pay options for users as they wait for their debit card replacements. The new option will allow users to continue using their Monzo services until their card arrives. “When you lose your Monzo card… Read More

October 18, 2019 @ 12:54 pm By JD Alois  |  

Yesterday, the BBC program “Watchdog Live” reported on alleged problems at digital bank Monzo where customers have been blocked from accessing their accounts. “we’ve been contacted by quite a few customers saying they have had their accounts frozen with no explanation, so all of a… Read More

September 25, 2019 @ 8:50 am By Samantha Hurst  |  

UK challenger bank Monzo announced on Tuesday it is making some changes to its Monzo Plus product after users offered feedback on improvement. Tom Davies, the CEO of Monzo revealed more details about the product’s changes, as well as new team and name. “We’re going… Read More

September 16, 2019 @ 8:28 am By Samantha Hurst  |  

UK challenger bank Monzo announced on Monday that more than three million people are now using its banking services. The digital bank reported that the amount of people equals 1 in every 20 adults in the UK. Founded in 2015, Monzo claims it is building… Read More

August 15, 2019 @ 8:21 am By Samantha Hurst  |  

UK challenger bank Monzo announced on Thursday the launch of its flexible loans. The startup reported that over the past nine months it has gradually been offering loans to more and more of its customers to make sure its system was to “get it right.”… Read More

August 5, 2019 @ 11:17 am By Samantha Hurst  |  

Just days after addressing previous issues in its banking services, digital challenger bank Monzo announced it may have figured out what was causing the most recent issues, which was that it wasn’t storing some customers’ PINs correctly. The banking startup revealed in a recent blog… Read More

July 8, 2019 @ 1:06 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Monday it has formed a new integration with Xero and FreeAgent for its business accounts. Monzo revealed in a blog post: “We’ve heard that other accounting tools, are important to you too, which we’d love to work on in… Read More

June 27, 2019 @ 11:50 am By Samantha Hurst  |  

UK challenger bank Monzo has published its 2019 annual report. According to Monzo. The annual report is a detailed look at what a company’s been doing and how that’s affected its finances over the past financial year. CEO of Monzo, Tom Blomfield, has also written… Read More

June 25, 2019 @ 8:56 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced on Monday it secured £113 million through its latest investment, led by Y Combinator Continuity and Latitude. The round of funding reportedly brings the platform’s valuation to £2 billion.  The news about Monzo’s latest investment round comes just six months after the… Read More

June 20, 2019 @ 9:05 am By Samantha Hurst  |  

UK challenger bank Monzo addressed recent issues concerning its bank transfer services. The digital banking platform reported that on May 30th, around a quarter of bank transfers into Monzo accounts were failing or delayed by several hours and bank transfers from the Monzo accounts were… Read More

June 13, 2019 @ 12:53 pm By JD Alois  |  

Digital challenger bank Monzo has crossed the Atlantic and entered the US marketplace. On the same day competitor Revolut announced an expansion into Australia, Monzo announced banking services in the US in a release and a blog post. A signup form is available on the… Read More

May 20, 2019 @ 3:52 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Monday it has attracted two million users to its digital banking platform. Founded in 2015, Monzo reported that it is building a “new kind of bank” that lives within smartphones and is built for the way users live today…. Read More

February 24, 2019 @ 6:40 pm By JD Alois  |  

In the past week, Crowdcube has issued a request to change the Nominee terms for Monzo, a digital-only challenger bank that has gained Unicorn status. Monzo has crowdfunded several times on Crowdcube. The most recent crowdfunding round saw the Fintech raise £2 million in just two… Read More