Monzo

286 results about this entity

Period: 30 Jun 2015 - 28 Aug 2025

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A tale of two banks: Monzo vs Starling

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A tale of two banks: Monzo vs Starling

While other digital challengers struggle to keep afloat during the pandemic, Starling Bank says it remains on course to reach profitability by the end of 2020, overseeing significant growth in staff, customers numbers and its loan book over the past year.

BoE increased Monzo capital demands during fundraising - FT

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BoE increased Monzo capital demands during fundraising - FT

The Bank of England temporarily increased the capital requirements for Monzo as the challenger bank looked to raise funds earlier this year, according to the Financial Times.

Monzo: Covid:19 casts 'significant doubt' on ability to continue operating

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Monzo: Covid:19 casts 'significant doubt' on ability to continue operating

The fallout from the Covid-19 pandemic casts "significant doubt" on Monzo's ability to continue as a going concern, says the challenger bank in its annual report, which shows a £113.8 million loss for the year.

Monzo to charge users for account aggregation features

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Monzo to charge users for account aggregation features

Monzo is to charge account holders £5 a month to get hold of account aggregation features in its mobile app, a service which other banks serve up as part and parcel of their digital offerings.

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Monzo tests 'easy bank transfer' for moving money into account from other banks

We're making it easier to add money to your Monzo account.

Monzo closes funding round at 40% discount

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Monzo closes funding round at 40% discount

UK challenger Monzo has sealed a £60 million funding round at a valuation of £1.25 billion - a 40% discount on its previous sky high pricetag of £2 billion.

Coronavirus-hit Monzo to cut up to 120 jobs

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Coronavirus-hit Monzo to cut up to 120 jobs

Digital bank Monzo is axing up to 120 jobs as it faces up to the economic fallout of the Covid-19 pandemic.

Challengers beat incumbents on account opening experience

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Challengers beat incumbents on account opening experience

Many of the UK's leading high street banks have fallen behind their upstart digital rivals when it comes to making it easy and fast to open an account, suggests a review of 12 players' user experience.

Monzo seeks fresh funding as Covid-19 decimates valuation

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Monzo seeks fresh funding as Covid-19 decimates valuation

UK neobank Monzo is seeking fresh funding at a reported 40% discount on its previous valuation, according to the Financial Times.

Covid-19 hits challenger banks as app downloads slide

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Covid-19 hits challenger banks as app downloads slide

Leading challenger banks in the UK have suffered a significant drop in the number of new app downloads in the wake of the Coronavirus pandemic, according to data compiled by Finbold.

Monzo applies for US banking licence

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Monzo applies for US banking licence

UK challenger bank Monzo has applied for a US banking licence and is preparing to open a San Francisco office, according to the Telegraph.

165 jobs go as Monzo shuts Las Vegas customer support office

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165 jobs go as Monzo shuts Las Vegas customer support office

As Covid-19 continues to hit businesses around the world, UK challenger bank Monzo is shutting its customer support office in Las Vegas, with the loss of 165 jobs.

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