Tagged: monzo

In just 2 Days, Digital Bank Monzo Closes on £20 Million Crowdfunding Round

Monzo, an emerging heavy-weight in the hot digital banking sector, has shared that 36,006 individuals crowdfunded £20 million in just 2 days, 2 hours and 45 minutes. The offer was hosted on Crowdcube and received intense interest as competition in the UK banking sector heats… Read More

Monzo Sets Record Straight About Crowdfunding Round After Media Outlet Claims Fintech Is Lending Money to Customers to Buy Shares

Just days after announcing plans to raise up to £20 million through its upcoming crowdfunding round, UK challenger bank Monzo is now setting the record straight after a media outlet claimed that the startup was lending money to customers to help them purchase shares. According to… Read More

Monzo News: UK Challenger Bank Set to Seek Up to £20 Million Through Latest Crowdfunding Effort

Less than a month after securing £85 million through its latest investment round, which was led by General Catalyst, alongside Accel, UK-based challenger bank Monzo announced on Monday it is now seeking up to £20 million through its upcoming crowdfunding efforts. As previously reported, Monzo (which… Read More

Monzo Now Allowing Users to Start Spending Immediately After Signup With Google Pay

UK challenger bank Monzo announced on Monday it is now bringing instant signup to Google Pay. This news comes just six months after the fintech announced users are now able to use Apple Pay for purchases. Monzo reported that if users sign up to Monzo today on… Read More

Monzo Forms Partnership With Financial Capability Lab to Help Users Save Money

UK challenger bank Monzo announced on Thursday it has formed a partnership with the Financial Capability Lab. According to the Monzo, the Financial Capability Lab was started in 2016 by the Money Advice Service, in partnership with the government’s Behavioural Insights Team. The startup also reported that… Read More

Monzo Forms New Partnership with PayPoint For Cash Payment Solution

UK-based challenger bank Monzo has teamed up with PayPoint to use its cash payments solution for its current account holders. According to the fintech, customers may now deposit up to £300 cash directly into their Monzo account in a single transaction at any of PayPoint’s 28,000 stores…. Read More

Crowdcube Has Now Helped to Raise Capital for Three UK Unicorns

UK Unicorns Monzo, BrewDog & Revolut are Crowdcube Alumni UK’s largest investment crowdfunding platform by volume Crowdcube has now helped to raise capital for three separate unicorns aka firms that have attained a valuation of $ 1 billion or more. Crowdcube pointed to this fact… Read More

Unicorn: UK Challenger Bank Monzo Secures £85 Million Through Latest Investment Round Led By General Catalyst; Announces Upcoming Crowdfunding Round, Valuation Tops $1 Billion

UK-based challenger bank Monzo announced on Wednesday it successfully secured £85 million through its latest investment round, which was led by General Catalyst, alongside Accel and the startup’s existing investors. The company’s valuation is now at $1 billion. Founded in 2015, Monzo describes itself as a fintech startup that “lives… Read More

Monzo Milestone: 1 Million People Now Use the Challenger Bank’s Services (Infographic)

UK-based challenger bank Monzo announced on Monday that 1 million people are now using its services. Founded in 2015, Monzo is building a new kind of bank, which will live on smartphone and are built for the way the user lives today.  “We’re doing things… Read More

Monzo Announces New Joint Account Product

On Tuesday, UK-based challenger bank Monzo announced the launch of its new product, joint accounts. This news comes just a little over a week after the fintech revealed new accounts specifically for 16-17-year-olds. Monzo reported that for the past month its joint accounts have been available… Read More

Monzo Now Offering Accounts for 16-17 Year Olds

UK-based challenger bank Monzo announced on Monday it has made its accounts available to anyone in the UK aged 16-17 years old. According to the fintech, the accounts are not minimalist versions of its account with the training wheels on – they’re the same accounts… Read More

Monzo Announces Customer Support Team in Las Vegas

On Tuesday, UK-based challenger bank Monzo announced it has recently set up a small customer support team in Las Vegas. The team was created to help Monzo scale its customer service as it grows, without relying on its team in the UK to work unsociable… Read More

Monzo Announces Joint Accounts in Monzo Labs

UK challenger bank Monzo announced on Friday the launch of its joint accounts in Monzo Labs. The banking startup reportedly tested the accounts with a few staff members before asking a small group of users on Android and iOS. Monzo recently added another group of… Read More

Money Management Chatbot Plum Now Supporting Challenger Banks Monzo & Starling Bank

Money management chatbot Plum is now supporting challenger banks Monzo and Starling Bank. Plum states that it already supports most major UK banks and currently has around 130,000 users – collected since launch in 2017. Plum states that is has so far saved £24 million… Read More

Hacked: Monzo Says Typeform Breach Impacted Some User Data

Digital challenger bank Monzo reported on Friday that Typeform, a company they have utilized for user surveys, experienced a data breach that impacted some of their users. Tom Blomfield, CEO of Monzo, published a post on the Monzo blog outlining the attack. Monzo was quick… Read More

Monzo Reports Customers Have Nothing To Worry About Following Ticketmaster Breach

Following the announcement that there was a breach on Ticketmaster’s ticketing platform, UK challenger bank Monzo reassured its customers that there is nothing to worry about in terms of credit card information. The fintech confirmed that breach issues on Ticketmaster began even as early as… Read More

Monzo Announces Collaboration With TransferWise to Provide International Money Transfers From Within Monzo Mobile App

On Monday, challenger bank Monzo announced it has formed a new partnership with money transfer service TransferWise to provide international money transfers from within its mobile app. According to Monzo, through the payments tab in the app, uses are able to make payments overseas to… Read More

Monzo Launches New Web Services For Emergencies

Last week, challenger bank Monzo announced the launch of its new Monzo Web feature, which allows users to access their accounts in the event of an emergency such as wallet has been stolen or a phone has been lost. The bank reported that  Monzo Web allows customers… Read More

Monzo Launches New Feature Bill Tracker to Help Customers Keep Track of Bills

On Friday, UK challenger bank Monzo announced the launch of its new feature, Bill Tracker. According to the fintech, Bill Tracker will keep track of customers’ regular direct debits, such as phone contracts and utility bills, and let them know if one of the bills changes…. Read More

Monzo News: Apple Pay is Now Available to Users

UK-based challenger bank Monzo announced on Thursday that users may use their Monzo cards with Apple Pay. The bank reported that it considers Apple Pay to be an easier, safer way to pay in stores, in apps and online with the Apple devices that users use… Read More

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