Tagged: monzo

January 5, 2018 @ 3:00 pm By Samantha Hurst  |  

This week UK digital challenger bank Monzo announced it was introducing a 3% charge on cash withdrawals made for international ATMs, after a free 30-day allowance £200. Most debit card issuers charge a fee for off network cash withdrawals but some do not, depending on the country…. Read More

December 8, 2017 @ 1:42 pm By Samantha Hurst  |  

Less than a month after launching its money-saving features Pots, challenger bank Monzo announced that the feature is now available on the Android smartphone app. As previously reported, Pots is described as a simple way to set money aside within a user’s main Monzo account. The bank stated:… Read More

December 2, 2017 @ 9:36 am By Samantha Hurst  |  

On Friday, Monzo announced it is seeking to open a new office in the city of Cardiff. According to the challenger bank, its London office is currently bursting at the seams, with 171 people working in its headquarters and 67 working remotely. “To help us… Read More

November 20, 2017 @ 1:56 pm By Samantha Hurst  |  

Just a couple weeks after securing £71 million during its latest investment round, Co-Founder and CEO of challenger bank Monzo, Tom Blomfield revealed plans to launch a new crowdfunding campaign. Monzo (originally known as Mondo) caught the public eye in March 2016 when it raised… Read More

November 7, 2017 @ 12:46 pm By Samantha Hurst  |  

Crowdcube success and challenger bank Monzo announced on Tuesday it secured 71 million through its latest investment round, which was led by Goodwater Capital, Stripe, and Michael Moritz with participation from existing investors, Passion Capital, Thrive Capital, and Orange Digital Ventures. As previously reported, Monzo (originally… Read More

October 30, 2017 @ 4:09 pm By Samantha Hurst  |  

On Monday, UK-based fintech startup Monzo announced the launch of its new feature, Monzo-to-Monzo payments. This news comes less than a week after Monzo announced customers are now able to use Android Pay for their accounts. According to Monzo, the Monzo-to-Monzo payments allows users to send money… Read More

October 24, 2017 @ 2:16 pm By Samantha Hurst  |  

Just a couple months after rolling out its current account preview on its Android mobile app, challenger bank Monzo announced its customers can now use Android Pay for their accounts. It was revealed on Tuesday: “If you have a Monzo current account, you can now… Read More

October 17, 2017 @ 1:47 pm By Samantha Hurst  |  

Just one month after asking its Community to decide on ATM fee pricing, challenger bank Monzo announced the new prices for abroad ATM fees. The company shared in a post on Tuesday: “Last month we announced that we needed to explore charging for withdrawing cash from international… Read More

September 16, 2017 @ 9:33 pm By Samantha Hurst  |  

Earlier this week, Crowdcube alum and challenger bank Monzo announced it was asking the Monzo Community to decide on ATM fee pricing. It was revealed: “We launched the Monzo Alpha back in October 2015 to a few hundred people. At the time, we said ‘we’re committed to launching… Read More

September 11, 2017 @ 11:33 am By Samantha Hurst  |  

Crowdcube success and fintech company Monzo announced it has teamed up with Deliveroo for a new feature, Split the Bill. Deliveroo designer, James Storer, revealed details about the new app feature: “At Deliveroo, ‘split the bill’ is probably one of our most requested features, and it’s been… Read More

August 11, 2017 @ 4:38 pm By Samantha Hurst  |  

Tom Foster-Carter, Co-Founder of fintech startup Curve, has joined challenger bank Monzo as its new Chief Operating Officer. Foster-Carter’s departure comes less than a month after the London-based company secured $10 million through its Series A funding round. According to TechCrunch, Curve shared details about Foster-Carter… Read More

August 9, 2017 @ 11:48 am By Samantha Hurst  |  

Less than one month after announcing it was rolling out current accounts, challenger bank Monzo announced its current account preview is now available on its Android mobile app. The company revealed: “Three weeks ago today, we announced the beginning of the Monzo Current Account Preview, with… Read More

July 18, 2017 @ 8:24 am By Samantha Hurst  |  

On Monday, challenger bank Monzo announced it has begun to roll out current accounts to customers. This news comes just a few months after the company received its full UK banking license.  “Back in April, when we received our full UK banking license we explained that we… Read More

July 14, 2017 @ 8:26 am By Samantha Hurst  |  

On Thursday, UK-based challenger bank and Crowdcube FundedClub member, Monzo, announced the launch of its new community, Monzo University. This feature offers a place for the Monzo team to provide knowledge and help everyday people learn more about keeping up with their money. “The world of… Read More

July 7, 2017 @ 11:14 pm By Samantha Hurst  |  

This week, Crowdcube success and challenger bank, Monzo, released it’s 2017 Annual Report, which was sent to Companies House, with the year ending on February 28, 2017.  According to the company, every company throughout the UK submits their yearly financial accounts to Companies House and consists… Read More

July 6, 2017 @ 4:53 am By Erin Hobey  |  

Record levels of venture capital investment at the start of 2017 has helped London retain its crown as Europe’s number one tech hub for global investors, according to new data from London & Partners, the Mayor of London’s promotional agency. “London remains Europe’s leading hub… Read More

June 26, 2017 @ 10:49 am By Samantha Hurst  |  

Jumio, the creator of Netverify Trusted Identity as a Service (TIaaS), has today announced a partnership with Crowdcube alum and challenger bank, Monzo, to create strong identity verification for new and existing customers. The duo revealed that Monzo will be using Jumio to help verify customers whoa… Read More

June 9, 2017 @ 5:16 pm By Duncan Keene  |  

Traditional banking is facing tough times ahead. It’s easy to see why. The UK has lost 40% of its banks and building societies since 1989, considering usage of online banking has more doubled since 2007. After all, who wants to queue for an hour to see… Read More

April 18, 2017 @ 10:03 am By Erin Hobey  |  

In this brief video entitled “FinTech How technology is changing the world of finance,” BBC Newsnight spotlights some problems facing SMEs when it comes to collecting payments. Fees overwhelm. Payments delayed. Fintech maverick, Crowdcube campaigner and Monzo CEO Tom Blomfield addresses how lack of competition allows brick… Read More

April 9, 2017 @ 7:02 pm By Therese Torris  |  

Nathan Rose is the Director of Assemble Advisory, an agency which specializes in helping businesses raise equity through crowdfunding. Originally from New Zealand, Nathan constantly crisscrosses the planet and speaks to entrepreneurs from around the world who have had success with equity crowdfunding. His insights… Read More