Top fintech stories this week – 12 March 2019
Teradata’s event coverage, Sopra Steria acquired SAB, and other news.
Monzo
New funding set to make Monzo second-largest UK fintech start-up
£1.9bn valuation will see the challenger bank leapfrog rival Revolut.
Video: fintech news weekly round-up – 18 February 2019
Features Monzo, Ant Financial, WorldFirst, Lloyds and more!
Bnext aims to be Spain’s Monzo
Bright pink cards are certainly appealing.
Monzo prepares digital receipts with Flux
As the challenger finds fintech partners for its marketplace.
UK challenger bank Monzo seeks £20m funding
It goes crowdfunding with a “much bigger round”.
UK challenger bank Monzo to launch business current account
Will apply for funding from Alternative Remedies Package to make this happen.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Monzo closes £85m round as it plans more crowfunding
In its quest for a £1.5bn valuation.
Monzo to switch off debit card top-ups
UK challenger bank says end date is 2 October 2018.
UK challenger bank Monzo looks for chief risk officer
“We really care about providing a phenomenal experience for our customers.” OK.
For fintech, life after disruption is a question of identity
What does it take for a disruptor-leader to keep growing in a world where dominance is never guaranteed?
UK challenger bank Monzo eyes $1.5bn valuation
Gearing up for a new funding round.
Monzo challenges Starling with joint account launch
Starling has had a head start.
Starling Bank takes on Monzo with daring debit card design
Horizontal cards are so 2017.
Faster Payments issue affects UK banks
Problems for Halifax, Lloyds, Bank of Scotland and Monzo.
Plum first chatbot to integrate Monzo and Starling
Users can link bank accounts without having to share login details.
Top fintech stories this week – 6 July 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Monzo faces challenging times with £33m losses
But user numbers did treble for UK mobile-only challenger.
Top fintech stories this week – 29 June 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Monzo taps TransferWise for in-apps international payments
16 foreign currencies available, and more to come.
Monzo brings unconditional love to conditional actions
The new Applets automate actions based on users’ own pre-set conditions.
Interview: Eric Wilson, Xinja – upbeat Down Under
European challengers, the flaws of the big four, and how his father-in-law inspired him.
Moneyhub integrates with Monzo and Starling; Yolt reaches customer milestone
Integration galore – it’s all about open banking.
Challenger bank Monzo in head of compliance search
Monzo: “We’re looking for a pragmatic, collaborative and experienced head of compliance.”
API developer platform TrueLayer integrates with Monzo
Takes advantage of the UK’s new open banking rules.
Fintech funding round-up: 7 November 2017
Not cash-strapped just backed. Our latest fintech funding round-up features Douugh, Choice Financial, Monzo and Smartkarma. All rise please. Banking (not baking) challenger Douugh has partnered with community bank Choice Financial to launch an integrated checking account and debit card. Choice has also made an investment to “support Douugh’s roadmap”, bringing the company’s total seed funding […]
Once again fintech firms and challenger banks are hit with card payment issues
There have been another problematic 24 hours for fintech firms and challenger banks after being hit with a slew of card payments issues.
App it. The future of banking
This morning I was having breakfast with a colleague. I paid the bill, and he sent me his share of the bill using our Monzo app. Before we’d walked out of the café, the money was in my account. Simple!
Monzo gently rolls out current account
Mobile-only challenger bank Monzo is taking it nice and easy with a steady roll-out of its current account. The bank, which received its full UK banking licence in April, says it’s been using the current account internally and today (17 July) is now inviting some of its customers to join and “help put it through […]
Card payments problems bring down the fintech house
A whole swathe of fintech firms and challenger banks have been hit by tech issues – with card payments failing. The names include mobile-only challenger bank Monzo, Revolut, Starling Bank, Curve and payments start-up Fire. The problem is understood to be due to provider Global Processing Services (GPS), which as usual offers no updates on […]
More money misery for Monzo with £6.7m loss
Mobile-only challenger bank Monzo has reported a loss after taxation of £6.7 million in its latest financial results. For the year ended 28 February 2017, the firm’s directors do not recommend a final dividend. In fact, it has got worse compared to the 2016 full year results. There was also no final dividend because the […]
Fintech funding round-up: 31 March 2017
Lighter and brighter – catch up with fintech funding news in our brief round-up. Features Monzo, Quint and Lidya. Mobile-only challenger bank Monzo has raised another £2.5 million from more than 6,000 investors – the highest-ever number of any Crowdcube campaign. This follows its crowdfunding record of £1 million round last year, which closed in […]
Seconds out for Monzo tech
Mobile-only challenger bank Monzo has been hit by tech issues for the second time this week. As Banking Technology reported on 6 March, payment outages caused major problems to cardholders and fintech services provides in the UK and internationally – and Monzo was one of the affected firms reporting issues with their payment processor. Today […]
Monzo, Revolut, Loot, U Account and other fintechs let down by payments processor
Payment outages have caused major problems to cardholders and fintech services provides in the UK and internationally. This is understood to be down to payments processor Global Processing Services (GPS).
Fintech funding round-up: 23 February 2017
Let’s put the fun in funding by keeping it mercifully brief. A round-up of key events. Featuring Tala, Nymbus and Monzo. US micro-loan start-up Tala (formerly InVenture), led by founder and CEO Shivani Siroya, has raised $30 million in Series B funding. The money will support its expansion plans in South Asia and Latin America. […]
Can you marry an app Monzo?
Mobile-only challenger bank Monzo has revealed some witty conversations between its banking customer support team and customers. In an amusing blog post, the bank says its customer support team of around 17 people manage hundreds of queries on a daily basis in as “close to real-time as possible”. Some of these conversations struck a chord […]
UK bank challenger Monzo raises £4.8m in latest funding round
Mobile-only challenger bank Monzo has raised £4.8 million in an “interim” funding round led by Passion Capital. The bank is now valued at £50 million (in February this year it was valued at £30 million).
How emerging banks are changing the banking experience
Consumers and businesses alike will often consider a company’s reputation before entering an agreement with them. After all, why would anyone choose an organisation which has history of letting its customers down, over another with a spotless track record? It’s unsurprising then that once the reputation of traditional banks in the UK was tarnished by […]
Playing games with Mondo’s name change
Changing your name from Mondo to Monzo does not warrant a news story – unless a rival challenger bank makes some fun out of it. A trademark dispute with another Mondo entailed the new moniker and much unnecessary fanfare. While Monzo revelled in its new name and ignored media queries, Starling Bank decided to do […]
