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2 mins read
Challenger bank Monzo has hit a valuation of $4.5 billion with a new $500 million funding round
UK challenger banking fintech Monzo has added thousands of new customers during the pandemic and ha…
Callum Burroughs
2 mins read
Fintech Monzo looks to right the ship
The top finance stories for August 24, including the news on Palantir's direct listing and the late…
Dan DeFrancesco
2 mins read
Monzo is launching one free and one paid business account
The slower pace at which the accounts have been rolled out is seemingly a departure from Monzo's pr…
Rachel Green
2 mins read
Monzo plans to hire 500 new employees and launch paid premium accounts this year
The neobank is pushing for stronger monetization as it seeks to reduce losses and move toward profi…
Gregory Magana
2 mins read
The CEO of $2.5 billion Monzo will forgo his salary for 12 months to weather the coronavirus
But European startups are preparing for an expected downturn, as COVID-19 dampens spending and econ…
Isobel Asher Hamilton
2 mins read
Buzzy UK challenger bank Monzo is in talks to raise $130 million in new funding as London's fintech race heats up
The Financial Times also reported on the fundraising, citing people familiar with the matter who sa…
Callum Burroughs,Callum Burro…
2 mins read
Banking app Mondo is rebranding to Monzo
Monzo - then Mondo - announced in June that it was planning to rebrand after an unnamed company cha…
James Cook
4 mins read
UK digital-only bank Monzo is launching in the US - but getting American customers to sign on may be a challenge
That may be changing as companies like Peter Thiel-backed N26, which made a name for itself in Germ…
Alex Nicoll,Dan DeFrancesco
5 mins read
Monzo, one of Europe's hottest neobank startups, wins 200,000 customers a month without marketing. Now it's coming for the US.
As a newcomer, Monzo remains comparatively small compared to the UK's roster of high street banks, …
Callum Burroughs,Callum Burro…
3 mins read
Europe's popular challenger banks Revolut, Monzo, and Starling are in a fundraising arms race. Here's what we know about the mega-rounds.
Final details are as yet unclear but it's thought to comprise a $500 million equity raise from Sili…
Callum Burroughs,Callum Burro…
3 mins read
Startup bank Monzo is worth $2.5 billion and eyeing US expansion. Here's why its CEO would think twice about taking SoftBank's billions.
"I think actually having a sustainable business model really early on and positive, unit economics …
Callum Burroughs,Callum Burro…
4 mins read
JPMorgan is reportedly planning a digital bank in the UK to rival Monzo and Goldman Sachs' Marcus. Here's why that's a big deal.
The UK's neo-banking scene has been growing rapidly in recent years, and is now littered with unico…
Callum Burroughs,Callum Burro…
3 mins read
An EY exec laid out 3 things digital banks like Chime, Monzo, and N26 need to avoid while battling fierce competition in a make-or-break year
Meanwhile, European-based neobanks that have enjoyed success domestically, such as German-based N26…
Dan DeFrancesco
2 mins read
UK banking unicorn Monzo secures $2 billion valuation in new funding round from Y Combinator Continuity - 'It's a huge validation for us'
"Banking is archaic and needs to be drastically redesigned," according to Anu Hariharan, a partner …
Callum Burroughs,Callum Burro…
4 mins read
A fintech entering the crowded wealth management space just nabbed nearly $9 million in funding from the VCs that backed Venmo, Monzo and Acorns
"You think about a 25-year-old today. ... You didn't adopt social networks. You grew up on social n…
Dan DeFrancesco
2 mins read
Main Street banks say challengers like Monzo, N26 and Chime pose the biggest disruptive threat to their businesses - and they're fighting back
Challenger banks' digital offerings have become increasingly appealing, especially to younger consu…
Dan DeFrancesco
5 mins read
Challenger bank Varo, which has raised $179 million from Warburg Pincus and TPG, just took a big step that might separate it from competitors like Chime and Monzo
By comparison, Chime, which launched in 2014, announced it surpassed 4 million bank accounts in Jun…
Dan DeFrancesco
2 mins read
App-only bank Monzo valued at £50 million in 'interim' £4.8 million funding round
Monzo CEO Tom Blomfield says in an emailed statement: "We're grateful for the ongoing support of Pa…
Oscar Williams-Grut
3 mins read
Credit Suisse's $3.2 billion cut-price sale signals an ongoing crisis that could expose unicorn fintechs
If Credit Suisse went for a song, how much are all the unicorn neobanks really worth?
Hasan Chowdhury
3 mins read
Private equity is finally stepping up its tech game. Here's who is leading the charge.
Private-equity firms have never been on the forefront of tech adoption, but that's starting to chan…