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Monzo hires Visa's Anil to lead US expansion

Monzo hires Visa's Anil to lead US expansion

UK digital bank Monzo has hired Visa's global head of payment products and platforms, TS Anil, to lead its push into the US.

Anil, a 25-year financial services veteran with stints at Standard Chartered, Citi and Capital One behind him, will join Monzo as US CEO early next year.

Monzo launched an initial beta roll-out in the US in August, working with 1000 customers to gather feedback on what it says will be a bespoke product for the American market, where it has a 20,000-strong waiting list.

Anil will initially focus on hiring across product, operations and technology, major strategic initiatives and leading US regulatory engagement.

Says the new US chief: "Over the last five years I have watched Monzo’s journey from small UK start-up to fully-fledged bank with over 3 million customers.

"Joining Monzo as US CEO is a fantastic opportunity to help recreate that magic in the US, and I’m delighted that I’ve been given the chance to be part of a team building the bank of the future in a market as large and exciting as the US."

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