Tag: Monzo

The global neobank market is estimated to grow from $20.4bn in 2019 to reach $471bn by 2027, according to a ResearchAndMarkets.com' report.

FinTech leaders have joined forces to launch the Fintech Equality Coalition to actively fight inequality within the industry and society in large.

UK digital lenders Revolut, Starling Bank and Monzo have reported massive annual losses. What does it mean for their future?

Revolut annual losses jumped from £32.8m in 2018 to £107.4m in 2019, but the neobank is still hoping to break even by 2021.

A new report from a cross party group of MPs has slammed the UK's regulators for not keeping the neobanks and building societies at the front of mind during the pandemic.

Things look to be going from bad to worse for UK challenger bank Monzo. After suffering a 40% down round in June, the bank has now revealed its annual losses have doubled due to the pandemic.

Dutch bunq is said to have become the first European challenger bank to offer mortgages, entering the mortgage market through a silent partnership.

UK neobank Monzo has launched a new version of its premium offering and is keeping the fingers cross that it will last longer than the old offering, which had to be scrapped after just a few months.

Leading UK neobanks Monzo and Revolut appear to have suffered simultaneous partial service losses on Monday evening.

Challenger bank Monzo is testing out a new feature enabling customers to easily move money from other banks' accounts, despite founder Tom Blomfield's previous scepticism of open banking.