Tag: Monzo

Revolut's revenues dropped by 40% at the start of the coronavirus crisis, but now the neobank has revealed that it is 50% ahead of its pre-pandemic levels and even broke even in November.

It's easy to be taken in by the flashy digital offering of challenger banks, but new research suggests that they may not be as popular as people think.

Last week week saw 28 FinTechs close investment deals. Three sectors in particular proved especially successful.

This summer challenger bank Monzo suffered through a £60m down round as the pandemic took its toll. Now it has raised a second raise for the same amount at the same $1.2bn valuation.

Credit scoring startup Nordigen has launched a new open banking API to solve the issue of expensive solutions in the market, taking a swing at companies like Tink and Plaid in the process.

Challenger banks often boast about their ability to revolutionise what they describe as an old timey banking sector, but do customers really buy their spiel?

UK and France-based neobank startup Automata has has bagged £1.35m in its ongoing Series A round.

The FinTech market is rife with competition and while most companies have gone about it politely, some have taken pot shots at others.

Little has been said about Tom Blomfield and his colleagues’ departure from Starling Bank to launch Monzo in 2015, but a new book may shine some light on the events.

With an attractive insurance package and interest rates, Monzo's new Premium metal card looks like a solid offering. But will it be enough to make up for its massive losses?