Monzo - News, Articles & Research

Monzo narrows losses to £119 million as revenues surge 92%

UK digital bank Monzo has been given a clean bill of health from its auditors for the first time since 2019, after narrowing losses to £119mn from £131mn in the previous financial year.

14 July 2022

Company announcement

Monzo launches in-app charitable donation

We know donating to charitable causes is very important to our customers, and donating directly to charities directly from our app has long been a requested feature.

11 July 2022

Company announcement/payments

Monzo integrates with Wise for overseas business payments

You ask, we give. You can now send money abroad from your Monzo Business account!

30 May 2022

News/people

Flagstone appoints 10x’s Leda Glyptis and Monzo’s Meri Williams to board

UK cash deposit platform, Flagstone, has announced the addition of fintech heavyhitters Leda Glyptis and Meri Williams to its board of directors, ahead of planned Series B funding in 2023.

06 May 2022

News/payments

Klarna brings gambling block to open banking payments

Klarna is enabling banks to extend voluntary gambling blocks to open banking-driven payments through its subsidiary, Sofort, using public code developed by Monzo and TrueLayer.

28 April 2022

News/regulation

IFGS 2022: Taking the pulse of UK fintech

Following welcome addresses from Catherine McGuinness, chair, Policy and Resources Committee, City of London Corporation, and Janine Hirt, CEO, Innovate Finance, the Innovate Finance Global Summit took off with a panel stacked with leading fintech voices.

04 April 2022

News/retail

Monzo beats Starling on overdraft requests, claims Built for Mars

Built for Mars’ Peter Ramsay, creator of widely acclaimed UX case studies has released another comparison piece, dissecting the strengths and weaknesses of the overdraft experience provided by challenger bank rivals, Monzo and Starling.

04 February 2022

News/people

Monzo offers staff three months’ paid leave

Monzo intends to revamp employee work-life balance by ensuring staff that have worked for the digital bank for over four years are eligible for sabbaticals lasting three months.

03 February 2022

News/retail

Monzo moves out of beta in the US

Despite failing to secure a US banking licence, Monzo has finally moved out of private beta in the country and opened up to the wider public.

01 February 2022

Company announcement/regulation

CMA takes Monzo to task over breach of Retail Banking Market Investigation Order

One of the measures introduced in the Retail Banking Market Investigation Order 2017 requires banks and building societies to specify the Monthly Maximum Charge (MMC) that could accrue in relation to a Personal Current Account (PCA) in any month as a result of exceeding, or attempting to exceed, a pre-agreed credit limit on a PCA.

31 January 2022

News/people

Monzo recruits for new investment and wealth unit

Monzo is recruiting for a general manager to build and run a new investments and wealth business.

25 January 2022

News/retail

Tencent takes stake in Monzo as part of $100 million capital injection

Chinese technology behemoth Tencent has taken a small stake in Monzo as part of a $100 million top-up to the UK challenger's recently announced $500 million funding round.

04 January 2022