275 results about this entity
Period: 30 Jun 2015 - 17 Apr 2025
News/people
As Covid-19 continues to hit businesses around the world, UK challenger bank Monzo is shutting its customer support office in Las Vegas, with the loss of 165 jobs.
09 April 2020
Company announcement/retail
We're excited to announce that we've launched Monzo Business for web, which lets you manage your business account on your computer or laptop.
03 April 2020
Monzo is offering some of its staffers voluntary furloughs and CEO Tom Blomfield is forgoing his salary for a year as the digital bank looks to weather the Covid-19 storm, according to TechCrunch.
31 March 2020
News/wholesale
A paper published by Revolut, entitled “2020 Vision: Taking a closer look at antiquated business practices”, states that 42% of SMEs are looking to change banks in the next 12 months, owing to changing expectations and demands of businesses.
25 March 2020
UK digital bank Monzo has launched its business banking service, providing free and premium accounts, to assist its goal of reaching profitability in two to three years.
17 March 2020
News/retail
UK banks Monzo and RBS are to enable customers to check their approval ratings for loan applications by looking up their credit score for free through the mobile banking app.
28 February 2020
UK digital bank Monzo is planning to relaunch its paid-for account, having ditched it in September last year owing to poor customer feedback.
17 February 2020
News/regulation
The Financial Conduct Authority has called for industry feedback on overdraft pricing in an open letter, as major banks align overdraft rates at around 40%.
28 January 2020
Just five UK banks, two of them challengers, managed a net gain of customers in the third quarter of 2019, according to figures from the Current Account Switch Service.
23 January 2020
News
Only eight per cent of people in Britain use app-only banks like Monzo and Starling, with a majority preferring to stick with the mobile offerings from high street giants.
22 January 2020
Company announcement
Yolt, the smart thinking money app, has announced that one of its newest features, Yolt Pay, is now available to Monzo account holders.
21 January 2020
Monzo co-founder and deputy CEO, Paul Rippon, is stepping down from his role at the UK challenger to farm alpacas with his wife in Northumberland.
10 January 2020
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