Monzo has added the first batch of partnerships to their marketplace by striking deals with digital wealth investment accounts and online lenders; companies include Scalable Capital, Wealthify, Wealthsimple, WiseAlpha, Zopa, Bricklane.com and Octopus Choice; Monzo will not be making a commission from any of these agreements; the company has also opened up an interim third-party API to comply with open banking regulations. Source.
Monzo now had 4 million customers in the UK which equates to just over 1 in every 16 people in...
Neobank Monzo is back with a stellar fundraise that pushes its valuation up by more than 200 per cent since it last raised cash over a year ago.
Monzo has officially launched their first product for businesses; the bank has shared that they hope to be profitable in...
UK digital bank Monzo is reportedly laying off 120 staff due to the challenges of the current economic situation; this...
Monzo CEO Tom Blomfield sat down with Reuters to talk about the progress the digital bank has made and the...
The figures come from Monzo’s annual report which outlined a number of statistics showing the bank’s growth strategy is paying off....
UK digital bank Monzo is nearing completion of a new funding round that will add 20 to 30 million British pounds in capital for the firm; the investment round is being led by Thrive Capital; sources also report that the firm is planning an equity crowdfunding campaign later in the year; Monzo is led by CEO Tom Blomfield and the firm was granted a UK banking license in August 2016; it currently has 100,000 users with activity driven by pre-paid Mastercards and mobile applications; the firm recently declined an acquisition offer from an incumbent bank and says it still has a lot it plans to accomplish. Source
UK based Digital Bank Monzo is planning a crowdfunding round to give customers a greater share of ownership; the round will look to raise between $13mn and $40mn; while they will use the round for hiring it is meant to provide customers “a genuine sense of ownership”; the crowdfunding round follows the recent $94mn private equity backed fundraising. Source.
UK based digital bank Monzo has raised a $143mn series F round as the company gets set to launch in...