Monzo

Monzo battles increasingly competitive digital banking market amid COO’s exit

Your guide to the week’s biggest fintech stories

2 min read

Monzo COO Sujata Bhatia leaves

Bhatia spent five years at the challenger bank after holding top roles with American Express

1 min read

Monzo appoints Mombak’s Tom Oldham as group CFO

The fintech has also appointed Barclays’ Mark Newbery as its UK CFO

2 min read

Sujata Bhatia joined Monzo from American Express in 2020

Monzo COO Sujata Bhatia on US expansion, AI and the time she felt like an outsider

‘My ability to perform dramatically increased when I started working in a culture where I didn’t feel like an outsider’

6 min read

Monzo is set to tap a raft of investors for fresh funds

Monzo eyes £4bn valuation in new funding round

Alphabet’s growth fund CapitalG is set to lead the funding round

2 min read

Monzo chief TS Anil said the bank had no immediate plans for an initial public offering

Monzo hits first monthly profit after lending products boost income

Milestone comes as digital bank narrows annual loss, says IPO not imminent

3 min read

Fintech dominated European venture capital funding in the first half of 2021, with large unicorns including Klarna and Rapyd taking the lion's share of raises

Fintech frenzy to stall as talent war and Europe’s IPO slowdown hurts startups

Rising interest rates, growing costs and increased M&A activity are set to challenge the fintech landscape

3 min read

A Monzo spokesperson said that the bank is exploring other potential routes to market as a result

Monzo backs down from application for US banking licence

The digital bank will continue pursuing its US launch with a partner bank

Some of the UK’s largest fintech companies have been loss-making annually since their founding more than half a decade ago, but turning a profit has become more important as the businesses mature and head for public markets

Fintech pays ‘heavy price’ for profit failures, says UK startup boss

Savings app Chip targets £100m funding, becomes profitable for first time

Monzo will launch the Flex product to UK customers on 16 September, competing with Klarna for the buy now, pay later credit market

Monzo launches buy now, pay later product in Klarna rivalry

Digital bank to report data to credit agencies, with £3,000 limit on purchases

Monzo bank founder Tom Blomfield

Monzo co-founder Blomfield spills on SoftBank’s bad manners

SoftBank’s ‘lead partner took meetings barefoot, and would pick his feet incessantly’, ex-Monzo boss alleged

Monzo, Starling and Revolut continue to diverge from each other in their approach to taking market share at home and abroad and comparing them is going to become more difficult

The State of the Fintech Union: Monzo, Starling Bank and Revolut

Eight months into 2021 and with annual reports now in, it’s time to take another look at how they’ve been doing

6 min read

Financials throw into doubt whether digital bank can turn a profit

Monzo faces FCA scrutiny over financial crime controls

UK watchdog launches investigation into Monzo’s financial crime unit as accounts suggest future uncertainty

3 min read

Tom Blomfield said he agreed that awarding contracts to firms where Conservative MPs and their families are shareholders – such as in the case of health secretary Matt Hancock – is 'a blatant conflict of interest'

Monzo co-founder Blomfield defends James Dyson over lobbying texts row

The fintech founder criticised the Labour Party for calling out Dyson

2 min read

The UK’s digital banks are looking for ways to better protect staff mental health

Digital banks cap meetings to tackle staff’s lockdown burnout

Starling Bank, Monzo, Revolut and OakNorth are training senior managers on how to spot burnout

3 min read

Trading Places: Volkswagen CFO joins Deutsche board, Citi Europe exec exits

Also this week: Monzo co-founder joins startup, Perella Weinberg nabs ex-Morgan Stanley dealmaker

4 min read