Buy now, fail later? Banks struggle to cash in on Klarna’s success March 27, 2024 Natwest recently confirmed it would axe its buy-now pay-later scheme. Industry experts suggest the move could be a sign of things to come as traditional lenders struggle to gain a foothold in the market.
Bank fraud helpline hits 99 per cent coverage as Monzo bolsters efforts March 26, 2024 The banking industry's answer to 999 now covers nearly all UK current accounts after Monzo joined the anti-fraud service, with the digital lender facing criticism for its performance on tackling scams.
Ember: All-electric intercity bus network backed by Monzo co-founder Tom Blomfield raises £11m March 26, 2024 Ember, a company which is creating one of the UK’s first all-electric intercity bus networks, has raised an extra £11m.
Monzo reportedly in talks to sell stake to Singaporean state fund March 18, 2024 Digital challenger bank Monzo is reportedly close to landing a roughly $50m (£39.3m) funding round with a Singaporean sovereign wealth fund, just weeks after securing a near-£4bn valuation.
Monzo hits $5bn valuation with new funding round led by Alphabet’s CapitalG March 5, 2024 Monzo has secured a new $430m funding round led by Alphabet-owned fund CapitalG valuing the digital challenger bank at $5bn.
Challenger Monzo to cement £4bn valuation in new funding round February 20, 2024 The challenger bank could finalise a deal by the end of the month to raise as much as £350m of capital, people familiar with the matter told the FT.
Challenger banks pip high street rivals again as Monzo tops league table February 15, 2024 The UK's digital challenger banks have once again outperformed their high street rivals in a league table on customer satisfaction from the competition watchdog.
Which banks were the winners and losers of 2023? December 29, 2023 After a year of big headlines, which UK banks pressed ahead and which fell behind in 2023?
Monzo chief says bank has earned ‘the right to dream bigger’ as it targets the US November 28, 2023 Monzo chief executive TS Anil has said the digital challenger bank has "international ambitions", noting a "huge gap" in the American market, but refused to speculate on where or when the firm could list publicly.
Monzo close to deal with Alphabet for up to £500m funding round: report November 19, 2023 Alphabet, the parent company of Google, is reportedly in talks to acquire a major stake in digital bank Monzo in a boost for Britain’s fintech sector.