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Sunday, February 5, 2023
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Tag: Monzo

Monzo Achieves Record Revenue Growth, On Track to Break Even in 2023

The neobank has experienced a significant increase in revenue over the past year, according to an investor update seen by Sifted.

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.
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Partnership between Credits and Unlimint

Credits is a digital neobank that combines many financial services into one application, focusing on providing financial services for the cryptocurrency space.

UK Neobank Zopa Raises £75 Million in All-Equity Investment

The company has 850,000 customers across its different businesses and is on track to be profitable for the full year in 2023, the first time since its founding 17 years ago.

UK SMEs Lean on Business Finance and Credit for Growth and Sustainability

As interest rates remain high, borrowing will continue to play a significant role in helping these businesses achieve their goals.

UK FinTech Funding: A Resilient Performance Amid Global Decrease

Despite the decline in funding for UK fintechs, there are still investment opportunities available.