Tag: Monzo

Monzo, the leading digital bank in the UK, has introduced a groundbreaking pension product aimed at simplifying the retirement savings process.

Monzo, the leading digital bank in the UK, recently introduced three innovative security controls—Known Locations, Trusted Contacts, and Secret QR Codes—aimed at bolstering fraud...

Key European FinTech investment stats in Q1 2024: • European FinTech deal activity totalled at 333 deals in Q1 2024, a 41% reduction from the...

• UK FinTech deal activity totalled at 118 deal in Q1 2024, a 40% drop from Q1 2023 • UK FinTech companies raised a combined...

In a significant development within the FinTech sector, the digital bank Monzo is reportedly on the verge of enhancing its financial and global stature through a strategic stake sale.

Monzo, the UK's largest digital bank, boasting over nine million customers, has closed a funding round, raising $430m.

Monzo is on the brink of securing a new funding round that could see the British digital bank's valuation soar to approximately £4bn.

Prosper, a leading WealthTech platform, has closed its crowdfunding campaign, surpassing its initial targets to secure over £1m.

Monzo, the UK-based digital challenger bank, has made a significant move in its quest to establish a stronger foothold in the US market.

According to PitchBook, the stock prices of public FinTech companies have shown a quicker recovery than the broader market. In the second quarter, these...