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Monzo shuts Las Vegas customer support office, 165 employees being let go

Monzo already implemented voluntary employee furloughs and salary cuts in the U.K.

Chime pilots $1,200 instant stimulus in forward

Chime, the biggest U.S. digital bank start-up, is piloting a way for its users to receive their federal $1,200 stimulus checks instantly.

Safe haven during a crisis? Revolut backs cryptocurrency as one

Last week Revolut announced that it will provide cryptocurrency to all seven million customers.

Starling Bank launches a “Connected card” to tackle COVID

Starling Bank has just announced the 'Connected card'. This is a second card that customers can link to their existing accounts and give it to anyone they trust to pay for groceries and other essential items on their behalf.

Danish digital bank Lunar adds $21.6m to its Series B

Nordic challenger bank Lunar that has offices across Denmark, Sweden and Norway, has landed an additional $21.6 million (€20 million) in Series B funding round.

Revolut’s head of wealth and trading André Mohamed set for depart

He was hired to lead wealth and trading products at Revolut, the $5.5bn challenger bank. Now he is set to leave the company after 18 months in the role.

Icelandic challenger bank Indó prepared to launch, securing €1 million

The Icelandic challenger called Indó just raised €1m in seed funding in three rounds, with the last one having more than 30% excess demand.

Monzo’s CEO won’t take his salary for 12 months

Monzo bank's CEO Tom Blomfield is forgoing his salary for a year. Monzo is also offering voluntary furloughs to its employees.

CTO of UK challenger bank Monzo Meri Williams steps down

Multiple sources confirmed that Meri Williams, who joined Monzo bank in September 2018, announced internally that she was departing.

“Imagine no branches” Nearly 70% of bank branches to disappear in the next 10 years

The Covid-19 outbreak is having irreversible impacts on the banking industry already. Above all, it forces banks to shut their branches. And digital challengers such as N26 are quick to jump on the opportunity to change customer behaviour for good.

Revolut and Monzo combat rumors of their collapse

The upcoming economical crisis caused by the Covid-19 pandemic makes people focus on the financial health of the so far non-profiting fintech companies as Revolut and Monzo are.

Revolut finally launches in the United States

The London-based company Revolut is one of Europe's most valuable fintech startups and has just launched in the U.S.
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