Tag: Monzo

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.

Challenger bank Monument has revealed that it is in the later stages of an application process to get a UK banking licence in order to launch a service for affluent clients.

Monzo co-founder Tom Blomfield has been removed as a director, as part of his transition into a new role and the appointment of TS Anil as the bank’s CEO.

Having left Starling Bank back in 2016, Mark Hipperson is now back with his new venture Ziglu, which has just bagged ?5.25m in seed capital.

From Monzo's seeing its valuation plummet to Checkout.com becoming one of Europe's most valuable FinTechs, the last week has been full of funding rounds that could cause big waves in the sector.