Monzo

UK Neobank Monzo Marks First Profitable Year 
UK Neobank Monzo Marks First Profitable Year 
June 03, 2024  |  Digital Banking

British neobank Monzo is planning further expansion as it marks its first profitable year. The company’s annual report, released Monday (June 3), showed its profit...

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Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans
Monzo Valued at $5.2 Billion Amid US Neobank Expansion Plans
May 08, 2024  |  Investments

U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion,...

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As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
March 26, 2024  |  Digital Banking

As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an...

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Will Bumper Crop of IPOs Take Cue From Busted FinTech Offerings?
Will Bumper Crop of IPOs Take Cue From Busted FinTech Offerings?
March 20, 2024  |  IPO

Investors may be gearing up for an initial public offering (IPO) renaissance, but if PYMNTS’ FinTech IPO Index serves as any harbinger: Caveat emptor. There’s...

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Monzo Valued at $5 Billion as Neobank Plans Expansion
Monzo Valued at $5 Billion as Neobank Plans Expansion
March 05, 2024  |  Digital-First Banking

UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and...

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Monzo Aims for £4 Billion Valuation as Biggest Challenger Bank in UK
Monzo Aims for £4 Billion Valuation as Biggest Challenger Bank in UK
February 20, 2024  |  Fintech Investments

Monzo, the British FinTech unicorn, is aiming for a £4 billion valuation in its latest funding round. The digital bank, which currently has over nine...

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Neobanks May Face Squeeze in Europe If X-Border Fee Caps Materialize
Neobanks May Face Squeeze in Europe If X-Border Fee Caps Materialize
December 13, 2023  |  Regulation

Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As...

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Monzo Picks Cash App Vet Conor Walsh for US CEO
Monzo Picks Cash App Vet Conor Walsh for US CEO
October 04, 2023  |  Personnel

British digital bank Monzo has named Conor Walsh to head its U.S. operations. Walsh, a veteran of Cash App, was named the bank’s U.S. CEO on Wednesday (Oct. 4), according...

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UK Neobank Monzo Unveils Investment Tools
UK Neobank Monzo Unveils Investment Tools
September 12, 2023  |  Digital Banking

British digital-only bank Monzo has added an investment feature to its offerings. Announced Tuesday (Sept. 12), the bank’s Investments feature lets customers put their money...

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