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Tag: Monzo

UK challenger banks like Revolut, Monzo and Starling Bank almost tripled...

While British neobanks gained six million new customers in the last six months of 2019, losses and the looming threat of big tech are issues they still need to take seriously.

Monzo to hire 500 new employees and take another crack at...

UK-based challenger bank Monzo is planning to grow its staff from 1,500 to 2,000 and to relaunch its failed premium services.

Revolut hijacked a Monzo Twitter thread and things got weird really...

When Monzo asked its Twitter followers what feature they would like to add, Revolut replied, “Auto-switch to Revolut button.” Then all hell broke loose.

Revolut has more customer complaints than rival UK challenger banks

British digital bank Revolut may have achieved a bigger valuation than its native rivals thanks to a new funding round, but it is also the leader in customers complaints.

Revolut reportedly beat the predictions with new $6bn valuation

After about two years of speculation, challenger bank Revolut has finally closed its latest funding round, which reportedly pushed its valuation past the $6bn valuation mark despite rumours suggesting it would only get a $5bn valuation.

Could Backbase’s new banking platform really help incumbents compete with new...

Challenger banks and huge tech titans threaten to take traditional banks' share of the market. Now Backbase believes it might have a solution.

Great tech might not be enough for challenger banks to woo...

Many FinTech startups attempt to impress young people with apps and digital offerings. However, new research suggests that it will not be enough.

Monzo’s co-founder Paul Rippon steps down to spend more time with...

UK challenger bank Monzo’s co-founder and deputy CEO Paul Rippon has left the company “to go and enjoy life” at his alpaca farm.

RBS enlists influencers to drum up buzz about Monzo and Revolut...

After ending 2019 with being accused of posting fake reviews, Bó is now tapping into influencers’ network to create a buzz.

Seven 2019 setbacks these challenger banks probably want you to forget

Challenger banks are on the rise around the world, but things are not always running as smoothly as they could.