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183 Results from /retail, "Monzo"

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Monzo set to raise further £500 million

UK digital bank Monzo is reportedly putting the finishing touches to a new £500 million fund raise with support from Hedosophia, an early backer of Airbnb and Uber.

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Monzo offers customers free sausage rolls in premium subscription drive

Monzo is enticing customers to shell out for a new range of premium accounts, offering benefits such as a free weekly snack at Greggs and discounted train travel.

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Fintech funding slides to 7-year low

Global funding in the fintech sector has fallen to its lowest level since 2017, according to newly published research.

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Monzo in talks over stake sale to Singapore sovereign wealth fund

Fresh from completing a $400 million funding round, digital bank Monzo is reputedly in talks to sell an additional $50 million stake to one of Singapore's sovereign funds.

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Monzo hits $5 billion valuation on $400 million funding round

British challenger bank Monzo has completed a heavily-trailed $400 million funding round, boosting its valuation to $5 billion.

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Monzo targets £4 billion valuation on new funding round

British challenger bank Monzo is set to raise as much as £350 million in a funding round that would value the business somewhere between £3.5-£4 billion as it steers a path towards profitability.

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Monzo reaches nine million customer milestone

Digital challenger bank Monzo now has more than nine million personal account customers, with two million joining in 2023 alone.

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Wise accuses high street banks of hidden exchange rate fees

For GBP to EUR, Wise reports that HSBC has the highest fee for exchange rates (3.7%), followed by Lloyds at 3.6%, Barclays at 2.75%, and NatWest, TSB and Santander all at 2.5%.

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Monzo Wrapped prompts outpouring of shame and anger

Monzo's end-of-year Wrapped campaign informing customers of how they've spent their money this year has prompted an outpouring of hand-wringing shame and anger on social media.

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Monzo co-founder Templestein recalls 2020 existential crisis in farewell letter

Monzo co-founder and former chief technology officer Jonas Templestein is quitting the app-only bank after nine tumultuous years.

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Alphabet fund in talks over Monzo investment - Sky News

Alphabet-backed fund Capital G is in talks to acquire a stake in Monzo as part of a funding round that could raise up to £500 million at a £4 billion valuation for the UK digital bank, according to Sky News.

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Monzo hires Brolly founder for push into insurance

Monzo has hired Phoebe Chibuzo Hugh, the founder of digital insurance startup Brolly, to lead a push by the challenger bank into the insurance market.