This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched […]
View More Revolut CFO resigns following money laundering controversyCategory: monzo
Challenger bank Monzo has quietly begun working on a U.S. launch
Monzo, the U.K. challenger bank with more than a million customers and a unicorn valuation to boot, has quietly began working on a U.S. launch, TechCrunch has learned. According to multiple sources, the fintech startup has set up a small team to begin laying the ground work to bring a version of Monzo to North […]
View More Challenger bank Monzo has quietly begun working on a U.S. launchNyca Partners’ Hans Morris hunts for great fintech investments amid volatility
Hans Morris is a name to know in fintech, and as finance and tech sectors prepare for tougher time next year, he has some incisive thoughts to share about the kinds of companies that will succeed (or not) in a financial downturn. The managing partner of investment firm Nyca Partners, Morris also serves as the […]
View More Nyca Partners’ Hans Morris hunts for great fintech investments amid volatilityMonzo, the U.K. challenger bank, raises £85M Series E at a £1B pre-money valuation
Monzo, the U.K. challenger bank that now boasts more than a million customers, has raised £85 million in Series E funding. The round is led by U.S. venture capital firm General Catalyst, and Accel. Existing backers Passion Capital, Goodwater, Thrive Capital, Orange Digital Ventures, and Stripe also participated. The latest funding was at a pre-money […]
View More Monzo, the U.K. challenger bank, raises £85M Series E at a £1B pre-money valuationHong Kong’s Neat raises $3M to offer easy banking for startups and SMEs
Neat, a Hong Kong-based startup that gives startups and SMEs access to credit cards and banking services has pulled in $3 million in fresh funding. The new round is led by China-based VC Linear Capital with participation from Hong Kong’s Sagamore investments and existing backers Dymon Asia Ventures and Portag3 Ventures . Neat previously landed a $2 million […]
View More Hong Kong’s Neat raises $3M to offer easy banking for startups and SMEsYC-backed travel startup Duffel inks $4.7M round led by Blossom Capital, but stays coy on the details
A new London-based travel-industry startup is slowly coming out of stealth mode, but although it’s releasing it’s funding round, it’s keeping the actual product close to its chest. For now. Y Combinator -backed travel startup Duffel says it is working on “a new way to book travel online, aiming at the booking experience “end to […]
View More YC-backed travel startup Duffel inks $4.7M round led by Blossom Capital, but stays coy on the detailsNeat is a challenger bank for early-stage startups and SMEs
With the growth in cross-border payment services and ‘challenger’ bank cards for consumers, you’d be forgiven for wondering where the options are for small business — where cash is particularly precious. They do exist. One of the newer options is Neat, which is nested in Hong Kong but open for business worldwide. The startup started off […]
View More Neat is a challenger bank for early-stage startups and SMEsChallenger bank Monzo launches accounts for 16-18 year olds
When weighing up the likely success of challenger banks in the U.K., two predominant schools of thought emerge. Those who are bullish say that incumbent banks provide a lousy user experience, rip off customers, and innovate incredibly slowly — and therefore are ripe for the taking. Challenger banks just need to focus on what they […]
View More Challenger bank Monzo launches accounts for 16-18 year oldsFintech friends: Monzo partners with TransferWise for international payments
“So what’s going on here then?” I ask. “Two good friends just got even better [friends],” replies TransferWise co-founder Kristo Käärmann laughing, while Monzo co-founder Tom Blomfield, who is also on the video call, smiles approvingly. “Sorry for spoiling your news,” I tell the pair, who I’m interviewing ahead of an announcement today that the […]
View More Fintech friends: Monzo partners with TransferWise for international paymentsTransferWise’s next partnership could be with U.K. challenger bank Monzo
Hot on the heels of announcing that it has partnered with France’s BPCE Groupe, TransferWise could be about to unveil another partnership with a bank. According to sources, the international money transfer service and European unicorn is working with the fast-growing U.K. challenger bank Monzo. The tie-in will likely see TransferWise functionality offered within Monzo’s […]
View More TransferWise’s next partnership could be with U.K. challenger bank MonzoMonzo, the U.K. challenger bank, finally rolls out Apple Pay
Monzo, the U.K. challenger bank, has finally added Apple Pay to its mobile-only current account. The just over three year-old fintech says it has been one of the most requested features for its banking app, with over 2,000 mentions of Apple Pay on Monzo’s forum, whilst its customer support team have been asked about the […]
View More Monzo, the U.K. challenger bank, finally rolls out Apple PayMonzo, the U.K. challenger bank, now lets you pay ‘Nearby Friends’
Monzo, one of a plethora of U.K. fintech startups aiming to re-invent current account banking, has launched a new feature that makes it even more frictionless to transfer money to friends. Dubbed ‘Nearby Friends’, the new geolocation functionality uses Bluetooth to let you see anyone else that uses Monzo who is nearby so that you […]
View More Monzo, the U.K. challenger bank, now lets you pay ‘Nearby Friends’