The FT is reporting that leading UK fintech bank Monzo is close to agreeing to a funding deal that will...
More than 113,000 people in the UK switched their bank accounts in the month of March, the third highest amount...
Tom Blomfield of Monzo was recently interviewed on City A.M.’s Unregulated podcast; Blomfield said that he has been approached by big banks and tech companies and that the firm receives a takeover offer every month. Source
Leading UK digital bank Monzo released its annual report yesterday and the numbers were not pretty; the company reported that...
UK based challenger bank Monzo announced what their plans are for 2018; three specific areas they wanted to highlight were launching a feature to help customers manage bills, ending their prepare program and helping customers to switch to their payments platform; as the company continues to build out new features they said they plan to keep updating clients on a month by month basis. Source.
The digital bank crossed 2 million customers after crossing 1 million 8 months ago; Monzo received their banking license two...
Though Monzo has seen a share of issues and outages recently the company says the third party marketplace is core to their vision; they also explained it was a key part of their revenue drive and will help to drive down costs per customers in the near future; Monzo have plans to expand product offerings, potentially launch in the US and build out partnerships in the near and mid term future. Source.
Monzo has become the first bank to offers its customers a free credit score service; starting in March the UK...
Digital only banks Monzo, Starling Bank and Monese have all see some benefits from fellow digital bank N26 deciding to...
UK robo advisor Moola has hired Simon Moore, former chief investment officer of BlackRock's FutureAdvisor; Moola offers BlackRock's products to its clients for a minimum investment of £200 ($249.68); Moore will help the firm expand its investment capabilities and meet the evolving needs of the platform's customers. Source