Monzo

London-based money transfer company Wise plans to launch UK bank accounts, joining an increasingly crowded market; Monzo reports 15M personal and business users

Wise Plc is rolling out everyday bank accounts in the UK as it seeks to take up more market share from longtime banks and other fintechs.

Sources: following investor backlash, Monzo to give outgoing CEO TS Anil an expanded role after he steps down in February; he is likely to retain a board seat

Sources: following investor backlash, Monzo to give outgoing CEO TS Anil an expanded role after he steps down in February; he is likely to retain a board seat

Monzo receives an Irish banking license, letting the London-based digital lender offer its personal, business, children's, and savings accounts across the EU

Aisha S Gani / Bloomberg :

Sources: Monzo is considering a new application for a US banking license, hoping for approval amid Trump's deregulation push, after dropping a 2021 attempt

Laith Al-Khalaf / Financial Times :

Digital bank Monzo, which has 13M UK customers, plans to launch a mobile phone service; Revolut and Klarna, each with ~11M UK customers, announced similar plans

Digital bank is exploring launching its own digital sim and offering monthly contracts  —  Monzo is planning to launch …

UK neobank Monzo reports FY 2025 revenue up 48% YoY to £1.2B, pretax profit up 335% YoY to £60.5M, deposits up 48% YoY to £16.6B, and users up 25% YoY to 12.2M

Monzo reported revenue above 1 billion pounds ($1.35 billion) for the first time and a sharp rise in annual profit …

A look at UK fintechs Revolut and Monzo's push to expand in the US, where they face steep challenges in a complex regulatory environment and strong competition

Akila Quinio / Financial Times :

UK neobank Monzo raised $190M at a $5.2B post-money valuation, after raising $430M at a $5B valuation in March 2024, and plans to expand internationally

Ryan Browne / CNBC :

UK digital bank Monzo raised $430M led by Alphabet's CapitalG at a $5B valuation, up from $4.5B in December 2021, and plans to use funds to expand in the US

London-based digital bank raised $430mn from investors including CapitalG and HongShan  —  Monzo has secured a fresh round …