Monzo news and trends

Nubank Says It Has No Plans to Acquire Monzo

October 01, 2026
Nubank
Nubank Weighs $13 Billion Bid for Monzo
Banking // September 27, 2026

Brazilian digital bank Nubank is reportedly interested in buying U.K. FinTech Monzo. Such a deal would value Mozno at up to £10 billion ($13.2 billion), the Financial Times (FT) reported Saturday (Sept. 26), citing two sources familiar with the matter. Sources told the FT there...

Monzo’s EU Chief Leaves Neobank to Launch Robotics Startup
Personnel // September 22, 2026

Monzo’s European CEO is reportedly leaving to launch a robotics-focused startup for people with disabilities. Michael Carney is stepping down from the U.K. neobank, where he has served as European Union CEO since 2024, according to a Tuesday (Sept. 22) Bloomberg News report citing an...

Monzo Steers Customers to Backup Bank Amid Technical Outage
Banking // August 19, 2026

British neobank Monzo was sending customers to its backup bank Wednesday (Aug. 19) morning as it dealt with an outage. “We’ve identified some issues affecting Monzo and activated Monzo Stand-in, our fully independent backup bank,” the bank said in a post on X. “As a result,...

Monzo Chair Departs Following Last Year’s Shareholder Backlash
Banking // August 18, 2026

Monzo’s chairman is  departing the British neobank months after shareholders lobbied for his removal. Gary Hoffman, who joined Monzo in 2019, will leave his post next month, the company said in a statement provided to PYMNTS Tuesday. Karen Peacock will become the company’s interim chair...

Interviews & Exclusives
Monzo’s US Retreat Highlights Neobanks’ Expansion Challenges

March 31, 2026
Neobanks have spent the better part of a decade refining digital-first models and then attempting to transplant them into new markets—with at least some strategy that what works in in one geography would travel cleanly into another, as living life digitally is a global phenomenon. Gen Z Drives Adoption PYMNTS Intelligence data shows that younger […]

EU Neobanks Target Gen Z With US Expansion

October 01, 2025
Neobanks that built their reputations in Europe are now accelerating their expansion across borders, with the United States squarely in their sights. The U.S. offers fertile ground for expansion: Gen...

Newly Flush With Capital, Challenger Banks Face New Challenges

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...

Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky

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...

Quick Reads
Nubank Says It Has No Plans to Acquire Monzo

October 01, 2026
Nubank thinks highly of fellow digital bank Monzo but doesn’t want to buy it. The Brazilian lender made that pronouncement Wednesday (Sept. 30) in a securities filing, prompted by recent news reports that it was interested in acquiring the U.K.-based Monzo. “As a matter of general practice, the company does not comment on specific opportunities,” Nu […]

Nubank Weighs $13 Billion Bid for Monzo

September 27, 2026
Brazilian digital bank Nubank is reportedly interested in buying U.K. FinTech Monzo. Such a deal would value Mozno at up to £10 billion ($13.2 billion), the Financial Times (FT) reported...

Monzo’s EU Chief Leaves Neobank to Launch Robotics Startup

September 22, 2026
Monzo’s European CEO is reportedly leaving to launch a robotics-focused startup for people with disabilities. Michael Carney is stepping down from the U.K. neobank, where he has served as European...

Monzo Steers Customers to Backup Bank Amid Technical Outage

August 19, 2026
British neobank Monzo was sending customers to its backup bank Wednesday (Aug. 19) morning as it dealt with an outage. “We’ve identified some issues affecting Monzo and activated Monzo Stand-in,...