UK app-only bank Monzo withdraws U.S. banking license application
Monzo started to apply for a U.S. banking license in April last year as part of an effort to expand its userbase. The...
News by FinTech Collective
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Monzo founder Tom Blomfield is departing the challenger bank and says he's "struggled"during the pandemic
Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier this week.
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Blomfield held the role of CEO until May last year when he assumed the newly created title of president and resigned from the Monzo...…
Monzo to lay off up to 120 employees as the ‘economic situation’ remains challenging
Monzo is waiving the one year cliff for employee vesting schedules. In addition, senior management and the board are taking 25% cut in...
Monzo's valuation jumps to $2.5B with new funding
Its most recent venture round is just the latest in what has proven to be an exceptionally lucrative year for European fintech startups,...
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