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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
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2025-03-12
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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
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UK-based digital bank Monzo launches in the US, says it doesn't have its own US banking license and won't be lending US customers money
Monzo's mobile-only bank has helped revolutionize British spending — British mobile-only bank Monzo is making its way across the pond to the US today.
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