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Monzo
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FinTech
Monzo Signed Up 34,000 “High-Risk” Customers: Fined £21 Million by FCA
2025-07-08T12:40:28.241+02:00
The fine came as Monzo added those “high-risk” customers between August 2020 and June 2022.
The digital bank, however, agreed to resolve the lapses in its financial crime controls.
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FinTech
London’s Fintech FOMO: Treasury Woos Revolut and Monzo for IPOs
2025-05-14T11:05:31.969+02:00
UK government in talks with Revolut, Monzo, other fintech unicorns, to encourage IPOs.
London has struggled to retain big tech listings, with firms like ARM choosing NY instead.
Revolut and Monzo remain coy, while Treasury ramps up efforts to make UK more appealing.
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Payments
Revolut Leads Digital Banking Surge in The UK as Downloads Top Legacy Banks
2024-12-19T12:25:37.227+02:00
UK neobanks have achieved a milestone by surpassing traditional banks in app downloads, reaching 71.78M Android users.
Revolut leads the neobank pack with 15.6M downloads in 2024.
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Damian Chmiel
Payments
Monzo Becomes First UK Bank to Offer Apple Pay Monthly Payments
2024-09-17T11:33:39.299+02:00
Flex customers on iOS 18 can now spread payments over several months via Apple Pay.
Apple ended its BNPL service and is now partnering with third parties like Monzo and Affirm.
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Payments
Google Bets Big on Monzo, Values The UK Fintech at $5 Billion
2024-03-05T15:00:14.113+02:00
The digital bank secures $400 million from CapitalG, aiming for further expansion.
Despite fintech challenges in Europe, Monzo added 2 million customers in 2023.
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FinTech
Monzo's Valuation Poised to Hit £4 Billion in Latest Capital Raise
2024-02-20T13:37:12.624+02:00
The challenger bank's upcoming funding could hit £350 million.
Despite the fintech investment dip, Monzo defies the trend with a new hefty round.
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