While Monzo wants to go public, its leadership reportedly can’t agree on where to list. That’s according to a report Tuesday (Jan. 21) by the Financial Times (FT), citing sources who say that while CEO TS Anil is backing an initial public offering (IPO) in...
A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that have been around for decades — even centuries. While these digitally focused challengers promise to...
British neo-bank Monzo says it now has more than 500,000 business customers. And with that milestone, the company announced Wednesday (Oct. 16) a new plan for “bigger small businesses” called Team, designed to give business owners more control over their financial management with less expense...
Monzo has begun letting its card customers access Apple’s monthly installment payments offering. The U.K. digital lender announced Tuesday (Sept. 17) that it is launching a credit card feature that lets customers choose monthly payments before completing their purchase online with Apple Pay when using the bank’s credit card product...
December 10, 2024
A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that have been around for decades — even centuries. While these digitally focused challengers promise to bring financial services and products to just about anyone who […]
August 08, 2024
For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum has been underscored in recent...
December 13, 2023
Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As reported Wednesday (Dec. 13), the...
August 18, 2022
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 recent months. The concept is...
March 24, 2025
United Kingdom FinTech Monzo debuted a tool to help consumers share expenses with friends and family. Monzo Split is aimed at solving what the company said is a persistent problem in the U.K. Consumers lose money because they feel too awkward to ask to be paid back after covering shared expenses, according to a Monday […]
January 21, 2025
While Monzo wants to go public, its leadership reportedly can’t agree on where to list. That’s according to a report Tuesday (Jan. 21) by the Financial Times (FT), citing sources...
October 16, 2024
British neo-bank Monzo says it now has more than 500,000 business customers. And with that milestone, the company announced Wednesday (Oct. 16) a new plan for “bigger small businesses” called...
September 17, 2024
Monzo has begun letting its card customers access Apple’s monthly installment payments offering. The U.K. digital lender announced Tuesday (Sept. 17) that it is launching a credit card feature that lets customers choose monthly payments...
