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 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...
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’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...
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 […]
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...
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...
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...
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 […]
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...
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...
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,...