Tag: Monzo

UK challenger bank giant Monzo has moved out of its closed beta and opened to all customers in the US.

Chinese tech company Tencent has taken a small stake in online bank Monzo, as part of a $100m top-up following its recent $500m funding round led by Abu Dhabi Growth Fund, a report from Sky News has revealed.

The UK’s Competition and Markets Authority (CMA) has warned Monzo over a breach of retail banking regulations.

UK digital bank giant Monzo has reached a $4.5bn valuation after it recovers from its slump in 2020.

Challenger Bank Monzo and fintech firm TrueLayer have entered into a partnership to protect customers using new payment methods to remit money when gambling.

Neobank Monzo's CEO has called on the UK government to make gambling blocks mandatory for banks in a bid to limit the risks of gambling.

UK-based challenger bank Monzo is on the brink of closing a $50m funding round, marking the third raise since the pandemic began, according to reports.

Monzo’s co-founder’s exit has prompted the FinTech industry to take a hard look at how it protects the mental health of its staff.

Latin American ventures, Iron Man-backed enterprises and buy now pay later startups among the big winners of the 29 FinTech funding rounds reported on last week.

Monzo founder Tom Blomfield is leaving the bank at the end of the month, after a tough couple of years.