Monzo

Monzo Founder Blomfield Steps Down, Citing Pandemic And Other Stress
Monzo Founder Blomfield Steps Down, Citing Pandemic And Other Stress
January 20, 2021  |  Banking

Tom Blomfield, founder of Monzo, is leaving the U.K. challenger bank, citing “challenges” from the pandemic, a report from TechCrunch says. Blomfield served as been...

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Monzo Raises $80 Million At Lower $1.6 Billion Valuation
Monzo Raises $80 Million At Lower $1.6 Billion Valuation
December 02, 2020  |  Investments

U.K. challenger bank Monzo has closed a funding round with another 60 million pounds ($80.3 million), the same amount as its last funding round from...

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Latest Digital Banking App Ranking Holds Some Surprises
Latest Digital Banking App Ranking Holds Some Surprises
October 20, 2020  |  Mobile Applications

We’d hate to spoil the surprise .. so we won’t. Or perhaps it’s more accurate to say “they” didn’t spoil the surprise. Who are “they?”...

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Bank Of England Ups Monzo’s Capital Requirements
Bank Of England Ups Monzo’s Capital Requirements
August 06, 2020  |  Digital-First Banking

Monzo Bank Ltd,  the London-based online bank, must now have a capital worth of 13.6 percent of its risk-weighted assets to guard against potential losses....

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Monzo CEO Hopes New Accounts Can Blunt Pandemic’s Impact
Monzo CEO Hopes New Accounts Can Blunt Pandemic’s Impact
July 30, 2020  |  Digital Banking

New Monzo CEO TS Anil said the U.K. company, badly damaged by the pandemic, is hinging on new products to survive, the Financial Times (FT)...

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Monzo Launches New Premium Consumer Banking Accounts
Monzo Launches New Premium Consumer Banking Accounts
July 16, 2020  |  Digital Banking

U.K. digital bank Monzo is taking another crack at offering premium online consumer banking accounts with features designed to help account holders create — and...

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‘Down’ Rounds And Investor Caution — Blip Or Trend?
‘Down’ Rounds And Investor Caution — Blip Or Trend?
July 07, 2020  |  Markets

The stock market swings can be confusing.   Public (retail) investors have been, generally speaking, bidding up shares, seemingly shrugging off the lingering impacts of economic...

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Monzo Sees 40 Percent Drop In Valuation In VC Deal
Monzo Sees 40 Percent Drop In Valuation In VC Deal
June 16, 2020  |  Digital Banking

Online U.K. bank Monzo, fresh off a round of layoffs, has taken a major hit from the coronavirus pandemic, as shown by a funding valuation...

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Digital Banks Solid In Latest Provider Rankings
Digital Banks Solid In Latest Provider Rankings
June 10, 2020  |  Digital Banking

App-based digital challenger banks have been solidifying and expanding customer bases ever since COVID came to town. And while PYMNTS’ latest Provider Ranking of Digital...

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