Monzo

258 results about this entity

Period: 30 Jun 2015 - 15 Aug 2024

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Monzo hits $4.5bn valuation as revenues soar

/retail

Monzo hits $4.5bn valuation as revenues soar

UK digital challenger bank Monzo is raising more than $500 million at a $4.5 billion valuation - three times the £1.1 billion price tag it attracted in its last discounted capital-raise earlier this year.

63% of SME leaders feel lonely in role – Starling Bank

/people

63% of SME leaders feel lonely in role – Starling Bank

Research by Starling Bank has found that despite growth and record investment planned for 2022, small business owners struggle with loneliness, creativity and ideation.

Monzo adds virtual card for contactless payments to Flex BNPL product

/payments

Monzo adds virtual card for contactless payments to Flex BNPL product

Monzo's buy now, pay later product, Flex, will come with a virtual card that lets users make contactless Apple Pay or Google Pay payments in-store.

/people

Zopa poaches Graham Robinson from Monzo as chief risk officer

Digital bank Zopa has appointed Graham Robinson as its new Chief Risk Officer.

Monzo in talks to raise £300m at £3 billion valuation

/retail

Monzo in talks to raise £300m at £3 billion valuation

Monzo is reportedly in talks to raise £300 million at a valuation of £3 billion, a move that would spark a dramatic turnaround for the loss-making bank.

/retail

Monzo Plus and Premium customers qualify for free shares with Freetrade referral deal

Investing can be a good way to grow your savings over the long-term.

Monzo abandons plan to acquire US banking licence

/regulation

Monzo abandons plan to acquire US banking licence

Monzo has been forced to abandon its bid to acquire a US banking licence following a fruitless two-year discourse with regulatory authorities.

Former Monzo staffers snag $4.7 million for incident response startup

/startups

Former Monzo staffers snag $4.7 million for incident response startup

Established by three former Monzo staffers, incident response and recover startup incident.io has raised $4.7 million from Index Ventures, Point Nine, and a host of angel investors.

Monzo adds card payments to Pots

/retail

Monzo adds card payments to Pots

Monzo subscribers can now make card payments from their saving 'Pots' with the digital bank.

Monzo applies fashionable BNPL sheen to old fashioned credit line

/payments

Monzo applies fashionable BNPL sheen to old fashioned credit line

Monzo's much heralded buy now, pay later product appears to be more akin to an old-fashioned pre-approved line of credit, giving customers the option to pay off loans interest free over three instalments or incur a 19% APR interest rate for longer instalment plans.

Monzo makes BNPL move

/payments

Monzo makes BNPL move

UK digital challenger Monzo is the latest to jump aboard the increasingly crowded buy now, pay later train.

Monzo warns over going concern status as losses mount; FCA investigates AML controls

/regulation

Monzo warns over going concern status as losses mount; FCA investigates AML controls

Digital bank Monzo has issued another warning about its ability to continue as a going concern after reporting a £115 million loss for 2020/21.

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