Monzo

Monzo Courts SoftBank As Part Of £100M Capital Raise
Monzo Courts SoftBank As Part Of £100M Capital Raise
January 27, 2020  |  Investments

British banking unicorn Monzo is in talks with Japanese investment conglomerate SoftBank for financial assistance in its growth plans into the U.S. Monzo Co-founder Tom...

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Monzo’s Cash Burn Sets Stage For Big Capital Raise In 2020
Monzo’s Cash Burn Sets Stage For Big Capital Raise In 2020
December 29, 2019  |  Digital Banking

As online banking continues rapidly evolving, ahead of another anticipated round of funding next year, digital challenger bank Monzo remains in discussions to secure as...

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Top News In Payments: Wells Fargo Appoints COO; Visa Names New Partners To Help FinTechs
Top News In Payments: Wells Fargo Appoints COO; Visa Names New Partners To Help FinTechs
December 03, 2019  |  News

In today’s top payments news, Wells Fargo has selected former Santander head executive Scott Powell to be its new chief operating officer. Also, Visa is working with four global...

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UK Digital Bank Monzo Taps Visa Exec As US CEO 
UK Digital Bank Monzo Taps Visa Exec As US CEO 
December 03, 2019  |  Digital Banking

London’s digital unicorn Monzo has appointed TS Anil to head U.S. operations as chief executive officer (CEO), Monzo said in a press release on Tuesday...

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Top News In Payments: UK Challenger Banks Struggle To Thrive, Amazon Wants To Expand Go Tech
Top News In Payments: UK Challenger Banks Struggle To Thrive, Amazon Wants To Expand Go...
October 01, 2019  |  News

Today in the payments news roundup, challenger banks in the U.K. are having a difficult time competing with the country’s big four financial institutions. Also, Amazon wants to take...

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UK Challenger Banks Struggle To Compete
UK Challenger Banks Struggle To Compete
September 30, 2019  |  Banking

Challenger banks in the U.K. are having a hard time competing with the country’s big four financial institutions. While challengers such as Metro Bank, Santander...

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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds
Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds
September 11, 2019  |  Digital Banking

Kill the check. Shutter the branch. Make that leather wallet a mobile one, wielded on smartphones. The push toward digital banking seems an inexorable one, with the...

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Trending: FIs Use AI To Challenge Challenger Banks
Trending: FIs Use AI To Challenge Challenger Banks
August 21, 2019  |  Digital Banking

Legacy banks have their work cut out for them if they want to survive another century as key players in the digital banking world. European...

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Monzo Gets Into Lending
Monzo Gets Into Lending
August 15, 2019  |  Digital Banking

Monzo, an online bank out of London, has added loans to its menu of services, the Financial Times reported on Thursday (Aug. 15). Current customers in...

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