Tag: Monzo

Monzo has reported a dramatic leap in profitability, with adjusted pre-tax profits reaching £113.9m for the financial year ending 31 March 2025—an eightfold increase from the previous year.

Prosper, a wealth management platform focused on eliminating outdated processes, has raised £4m in a funding round aimed at accelerating its growth and expanding its AI-driven services.

Eight in ten UK working-age adults are uncertain about the location of all their pension pots, raising serious concerns about a potential pension savings...

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.