Tagged: tom blomfield

November 8, 2023 @ 9:04 am By JD Alois  |  

Prosper, a Wealthtech providing services in partnership with RiskSave Technologies Limited, which is authorized and regulated by the Financial Conduct Authority, has raised £3.2 million in “Angel” funding, according to a company statement. Prosper, not to be confused with the US-based platform, was founded by… Read More

January 21, 2021 @ 9:44 am By JD Alois  |  

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

July 30, 2020 @ 4:20 pm By JD Alois  |  

Losses at UK based digital bank Monzo continue to mount, according to a report. Monzo is said to have generated £113.8 million in losses versus year prior losses of £47.1 million. Simultaneously, top-line revenue rose to £67.2m from £19.7m for the fiscal year-end February, according… Read More

June 17, 2020 @ 11:07 am By JD Alois  |  

Top digital bank Monzo has raised £60 million in new funding at a significant decline in valuation reportedly a 40% haircut. A second tranche of funding may be forthcoming later this year. It was reported last month that Monzo was seeking up to £100 million… Read More

May 25, 2020 @ 10:17 am By JD Alois  |  

Monzo is one of the top digital banks in the UK that is seeking to challenge old brick and mortar banks in Europe and elsewhere including the USA. The past few months of operations have not been without a few bumps as Monzo has seen… Read More

May 20, 2020 @ 11:01 pm By JD Alois  |  

Monzo founder Tom Blomfield has exited the CEO role at the digital bank and will now become President of the company according to multiple reports. The current US CEO TS Anil is said to become the new “UK Bank CEO” according to Techcrunch. Anil is… Read More

May 16, 2020 @ 12:45 pm By Omar Faridi  |  

UK-based digital bank Monzo is reportedly planning to acquire additional capital at a 40% discount on its previous valuation. It was reported in December that Monzo was seeking to raise an additional £100 million but it appears the Coronavirus has impacted the funding round. As… 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

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

January 4, 2019 @ 10:27 am By JD Alois  |  

Digital bank Monzo is preparing to cross the Atlantic and enter the US market, according to a report in Techcrunch. “Multiple sources” have substantiated the rumblings of Monzo’s pending US expansion. This should come as no surprise to many as several other digital banks, such… Read More

November 30, 2018 @ 10:09 am By Samantha Hurst  |  

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

July 1, 2018 @ 10:50 pm By JD Alois  |  

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

January 22, 2018 @ 9:05 am By Samantha Hurst  |  

Just days after receiving its Financial Conduct Authority (FCA) approval, Emma Technologies announced it has integrated with challenger bank Monzo. Emma is currently building the banking app for millennials (iOS and Android), which is described as a mobile-only solution that helps consumers avoid overdrafts, find and… 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 6, 2017 @ 1:48 pm By Samantha Hurst  |  

Monzo announced on Wednesday all of its restrictions have officially been lifted and it is now a fully licensed bank. This news comes just the company raised nearly £2.4 million from close to 6,200 investors during its latest Crowdcube funding round. As previously reported, Monzo raised funding on Crowdcube in March 2016…. Read More

February 23, 2017 @ 6:13 am By Erin Hobey  |  

Fresh from closing its £19.5 million in Series B funding round and celebrating its 2nd birthday, app-only Monzo  (formally know as Mondo) is planning to raise a further £2.5M through crowdfunding, according to multiple news sources. New York-based Thrive Capital led the round, with participation from Passion Capital… Read More

October 21, 2016 @ 10:51 am By Samantha Hurst  |  

On Thursday, app-only bank and Crowdcube alum, Monzo, announced it has raised £4.8 million during an “interim” funding round, which was led by Passion Capital. The company crushed past records by securing £1 million in an astounding 96 seconds.  According to Business Insider, the funding round now values Monzo… Read More

August 29, 2016 @ 10:27 am By Samantha Hurst  |  

Last week, Crowdcube #FundedClub member, Mondo, announced it has rebranded to Monzo during a live video presentation. The company declared earlier this summer it was changing its name after an undisclosed company with the similar name challenged it and the company allowed its fans to… Read More

August 17, 2016 @ 7:23 pm By Nathan Rose  |  

  As part of an upcoming book on equity crowdfunding, I have asked past campaigns about their very best marketing tactics. They have used these exact strategies to raise millions of dollars, pounds and euros! In this article, I have distilled their advice into these… Read More

June 16, 2016 @ 11:50 am By Samantha Hurst  |  

Following the announcement that Mondo is planning to change its unique name, digital only challenger bank is now dealing with rumors that it may be acquired by London-based, Lloyds Banking Group. As previously reported, Mondo Bank secured £1 million from investors through its Crowdcube initiative in… Read More