Monzo

Europe’s Neobank Struggles Offer Fertile Ground for Traditional FIs to Gain Share
Europe’s Neobank Struggles Offer Fertile Ground for Traditional FIs to Gain Share
April 19, 2023  |  Banking

The neobanks promised to shake up the world. Especially in Europe. It hasn’t quite worked out that way. As the first quarter of 2023 is...

READ MORE >
Provider Ranking of Digital Banking Apps Welcomes Back Some Hot Apps
Provider Ranking of Digital Banking Apps Welcomes Back Some Hot Apps
March 20, 2023  |  Mobile Applications

The rich and varied world of digital banking is perhaps best captured by PYMNTS Provider Ranking of Digital Banking Apps, where we find the top...

READ MORE >
FinTechs’ Shift Toward Profitability Gets Mixed Views From VCs
FinTechs’ Shift Toward Profitability Gets Mixed Views From VCs
March 06, 2023  |  Fintech Investments

In a race to break even, British FinTech giant Revolut is the latest startup to claim profitability, a milestone that few neobanks have attained despite...

READ MORE >
Monzo Founder Joins $10.5M Fundraise for UK’s Robin AI’s Legal Tech
Monzo Founder Joins $10.5M Fundraise for UK’s Robin AI’s Legal Tech
February 27, 2023  |  artificial intelligence

Robin AI has raised $10.5 million for its legal industry-focused artificial intelligence (AI) tool. The U.K. company announced the Series A funding Monday (Feb. 27),...

READ MORE >
Monzo Revenue Surges 250% as UK Neobanks Talk Up Profitability
Monzo Revenue Surges 250% as UK Neobanks Talk Up Profitability
January 31, 2023  |  Earnings

Monzo is one step closer to achieving annual profitability by the end of this year. The firm’s latest earnings show that the U.K.-based neobank’s annualized...

READ MORE >
Neobank Monzo Will Be Profitable in 2023, CEO Says 
Neobank Monzo Will Be Profitable in 2023, CEO Says 
December 01, 2022  |  Digital Banking

British neobank Monzo will soon become profitable, CEO TS Anil said.  Speaking at a Financial Times (FT) event, Anil said, “We will be profitable in...

READ MORE >
Chime, Nubank No.1 in PYMNTS’ Digital Banking App Provider Ranking
Chime, Nubank No.1 in PYMNTS’ Digital Banking App Provider Ranking
October 25, 2022  |  Digital Banking

In the latest edition of PYMNTS’  Provider Ranking of Digital Banking apps, 13 apps have earned a place on this month’s Top 10 list. Highlights...

READ MORE >
UK’s 10% Inflation Rates Stretch Consumers’ Paychecks and Patience
UK’s 10% Inflation Rates Stretch Consumers’ Paychecks and Patience
August 18, 2022  |  Personal Finance

Amid soaring inflation and rising food and fuel prices, terms like financial literacy and spend management have emerged as some of the biggest buzzwords in...

READ MORE >
As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
July 31, 2022  |  Digital Banking

The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which...

READ MORE >