Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, reveals that it has a new special offer, “exclusively for Monzo Plus & Premium customers.” The Monzo team writes in a blog post that they know you are… Read More
Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, is celebrating one-year of offering Monzo Business. One year ago, on March 17, 2020, the banking challenger had launched Monzo Business. Since that time, Monzo reveals it has… Read More
Monzo, a UK based digital bank that recently raised £50 million as part of a Series G extension, recently explained that it basically offers a mobile banking platform that “puts you in control of your money.” While clarifying whether Monzo is, by definition or legally… Read More
Earlier this week it was reported that Monzo was asking the UK government to make available gambling blocks for everyone. Monzo said that around two million people in Britain are experiencing harm caused by gambling. Today it was announced that Monzo and TrueLayer are partnering… Read More
UK challenger bank Monzo announced on Monday it is asking the UK government to make are the country’s citizens may have access to gambling blocks. According to Monzo, around two million people in Britain are experiencing harm caused by gambling, which includes getting into… Read More
Monzo, a UK based digital bank that recently raised £50 million as part of a Series G extension, has appointed a new CEO for the United States, according to a report. Monzo has been going through a period of transition as founder Tom Blomfield fully… Read More
Multiple reports indicate that Monzo is raising £50 million as part of an extension of the previously reported Series G funding from 2020. A Tweet by SkyNews said the new capital is an extension of a previously announced round that brings the total raised by… Read More
UK-based challenger bank Monzo is reportedly struggling to maintain operations and may be trying to avoid the same fate as digital bank Xinja which was recently forced to shut down permanently. Fintech analyst Katherine Long from GlobalData recently noted that Monzo has turned into an… Read More
Tom Blomfield, founder of digital bank Monzo and former CEO is departing the Fintech entirely at the end of January according to a report. Blomfield has been slowly exiting the Fintech in the last couple of years having passed the CEO title to another some… Read More
Although neo banks or digital banking platforms have been gaining significant market share during the past few years, consumers still appear to be somewhat hesitant when working with these new providers as their primary accounts, according to recent research by Accenture. The 2020 Accenture Global… Read More
UK challenger bank Monzo has announced several updates. The digital bank confirmed recently that the Year in Monzo 2020 is now available via its app. As explained by the banking challenger, the Year in Monzo shows customers key insights into how they spent, saved, and… Read More
Digital bank Revolut has reportedly outpaced competitors Monzo and Starling in terms of the number of downloads during 2020. Notably, Revolut saw more app downloads last year than Monzo and Starling Bank combined. As first reported by the Telegraph, Revolut’s online banking app grew more… Read More
European digital banks have experienced significant challenges this year. Many have continued to record substantial losses and have received complaints from clients regarding service-related issues. Investors have been pushing banking challengers to show them how they can generate sizable profits by effectively monetizing their products… Read More
Digital bank Monzo, which recently scored an additional £60 million investment, has revealed that personalized cards have now arrived for US customers. The Monzo team notes in a blog published on December 16, 2020, that they’re pleased to announce that they’ve introduced their newly designed,… Read More
UK challenger bank Monzo has reportedly scored an additional £60 million investment. According to TechCrunch, Monzo revealed it not only has more than 4.8 million users, it also raised the funds, which is priced the same as the previous investment from June 2020. Founded in… Read More
After joining digital bank Monzo only about a year ago, the Fintech firm’s first Chief Risk Officer, Lisa Nowell, has decided to leave her position to pursue a new role at Ashman Finance, an SME-focused lender. Nowell has previously served as Chief Risk Officer at… Read More
Following the launch of its new premium accounts, UK digital banking group Monzo shared more details about its fist metal card, which is a feature of the accounts. As previously reported, the metal card is described as a single 16g sheet of steel, complete with… Read More
UK based digital bank Monzo announced on Tuesday the launch of its Monzo Premium account. The new account will feature Monzo’s first metal card, which is made from a single 16g sheet of steel, complete with a “precision-engraved” logo and a white finish.” The account… Read More
UK based digital bank Monzo announced on Tuesday two new fees for its customers. The fintech startup reported that starting October 31st, it will introduce fees for taking out cash and getting replacement cards. “We’re introducing a 3% fee if you withdraw more than £250… Read More
There are now at least 67 FIntech unicorns, globally, that are valued at a combined $244.6 billion, according to a recently published infographic by CBInsights which shows that North America, particularly the US, is home to some of the world’s largest Fintechs. Fintech unicorns are… Read More
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