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Sunday, January 16, 2022
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Tag: Monzo

Tencent takes stake in Monzo Bank

The tech giant from China Tencent has taken a minor stake in Monzo Bank after joining Monzo's latest funding round.

Monzo valuation hits $4.5 billion

British digital bank Monzo has hit $4.5bn valuation after a $500m funding round.

Freetrade and Monzo partnered to offer free shares

Subscribers for Monzo Plus and Premium options will be eligible for three free shares thanks to a partnership with Freetrade.

Monzo abandons application for US banking license

British challenger bank Monzo decided to withdraw from the application for a U.S. banking license.

Monzo is about to enter buy now, pay later market

Challenger bank Monzo is set to compete with other fintech companies like Klarna or PayPal and offer buy-now-pay-later (BNPL) services.

Monzo reported £130M annual loss and is under investigation by FCA

The UK challenger Monzo bank has recently reported £130M in pre-tax losses up from £114 million in the same period in 2020.

Tom Blomfield takes board post at FinTech company

Tom Blomfield who co-founded Monzo Bank in 2015, left the digital bank, citing “challenges” from the pandemic and now he is taking a position in Generation Home.

Monzo bank will provide paid leave after pregnancy loss

Monzo is only one of the few UK companies that offer paid leave for their employees who experienced the loss of a pregnancy.

Monzo partnered with RAC to enhance its premium options

Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.

Monzo has reached over 135,000 paying subscribers

Digital bank Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020
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Revolut is launching as a bank in 10 more European countries

This means the London-based digital bank is now offering deposit protection of up to € 100,000 to local customers in the particular markets.

Starling has stopped advertising on Facebook and Instagram

The CEO Anne Boden says the company won’t advertise on Facebook or Instagram ‘alongside scammers who are going after the savings of our customers.

Commodities trading now enabled by Revolut for Singapore users

The Monetary Authority of Singapore (MAS) has given permission to Revolut to allow customers to trade gold and silver on its platform.

Tencent takes stake in Monzo Bank

The tech giant from China Tencent has taken a minor stake in Monzo Bank after joining Monzo's latest funding round.