Monzo confirms an extension of its Series G funding round, raising £50 million from San Francisco-based venture firm, Octahedron Capital among existing investors.
Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.
After about a year Lisa Nowell joined Monzo as its first chief risk officer, she decided to leave to work as an SME lender Ashman Finance, Sifted reported.
In Boden's new book Banking On It, Starling Bank CEO revealed her version of events that took place back in 2015, which lead to the rise of Tom Blomfield's Monzo bank.
Monzo bank has just launched its second premium account in the last three months as part of an effort to increase revenues and cover deep losses.
Monzo spent 12 months building a business account for SMEs that has been launched March this year and managed to attract 50,000 customers according to AltFi.
The British challenger Monzo bank has relaunched its premium ‘Monzo Plus’ account with a £5/month fee. And their customers embraced it.
Fintech company Revolut continues to expand its cryptocurrency services operations after recently getting approval to operate in Singapore.
Brazilian challenger bank Nubank has announced hitting one million cryptocurrency users in the country barely a month after launching the service.