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EXCLUSIVE: "Game Changer" - Andy Lyons, Freemarket in 'The Fintech Magazine'
No business wants to be sitting on cash that’s not working for it. But that’s […]
Monzo launch Monzo Premium
Today, Monzo have launched Monzo Premium, their newest account and comes with their first metal […]
Monzo reached 50,000 business accounts since launch in March
Monzo spent 12 months building a business account for SMEs that has been launched March this year and managed to attract 50,000 customers according to AltFi.
Monzo introducing new fees for services
For some customers, Monzo bank cash withdrawals and card replacement will be met with new charges from 31 October 2020 as Monzo introduced new rules.
Monzo Plus has attracted about 50.000 users since its launch last month
The British challenger Monzo bank has relaunched its premium ‘Monzo Plus’ account with a £5/month fee. And their customers embraced it.
Which challenger bank model is going to survive?
With the annual reports from Revolut, Monzo and Starling it became apparent that challenger banks were losing money despite the rapid growth in 2019. Which models are viable to profit and which not?
Monzo capital requirement was raised by the Bank of England
Monzo bank is now obliged to have a capital worth of 13.6 percent of its risk-weighted assets to be protected against potential losses.
Challenger vs. incumbent banks, who is going to win the customer over?
Revolut managed to raise $80 million from TSG Consumer Partners while Monzo bank’s losses jumped from £47.2m to £113.8m. CFTE has done a research among its employees to see if challenger banks stand a chance to ever replace the incumbent banks so customers use them as their primary account.
Emerging Payments Awards 2020 Finalists Announced!
The Emerging Payments Awards celebrate innovation, collaboration and emerging payments by recognising companies that have […]
Monzo bank future in doubt as losses double
Monzo bank’s losses jumped from £47.2m to £113.8m amid a hiring spree, marketing and US expansion.
FF Virtual Arena: Reviewing Stu's Reviews
In today’s Virtual Arena, Ali Paterson catches up with YouTuber Stuart Thomas of Stu’s Reviews to […]
Monzo is finally launching its premium 'Plus' subscription account
British challenger Monzo bank has relaunched its premium 'Monzo Plus' account with a £5/month fee.
Monzo's new open banking feature is called 'easy bank transfer'
Monzo bank has been recently working on a simpler way to move money into the Monzo account from other major UK banks.
Monzo’s co-founder Tom Blomfield steps down from the board
With this move, Blomfield takes part in the process of clearing the path for the new CEO TS Anil and moving into the role of President.
Monzo’s valuation drops by 40% to £1.25B as it sealed a £60M funding round
Monzo bank is a key market player in the U.K. with more than 4 million customers, now it has confirmed it has closed £60 million in top-up funding. But the paper value of the challenger bank now dropped from £2.0 billion to £1.25 billion.
Monzo cuts 120 jobs as a response to the coronavirus downturn
Monzo, the U.K. challenger bank, will cut up to 120 jobs as a result of the coronavirus pandemic.
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