monzo

Monzo has raised another £150 million ($190 million), as the challenger bank looks to expand its presence internationally — particularly in the U.S. The new round comes just two months…

UK challenger bank Monzo nabs another $190M as US expansion beckons

London-based fintech company Monzo raised a late-stage funding round of $430 million (£340 million), confirming a report from the Financial Times from a few weeks ago. Following this round, the…

Monzo, the UK challenger bank with 9 million customers, raises $430 million

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Neobanks should take heart from Monzo’s performance in 2022

Monzo’s results are one more ray of warm sunshine for this particular subsector of the beleaguered fintech market.

9:00 am PDT • May 31, 2023
Neobanks should take heart from Monzo’s performance in 2022

While it is possible to build a neobank that isn’t bone-grafted to the venture capital markets, it can be a very long road to get to that point.

The profit divide running through the neobanking sector

The world is entering a huge cost of living crisis, which will inevitably result in a rise in homelessness. But donating to homeless people has yet to go fully digital.…

Revolut to allow users to donate to the homeless via the Beam crowdfunding platform

There’s some good financial news brewing for neobanks: new data indicates that at least some of the larger and better-known neobanks are going to be OK after all.

Looks like (some) neobanks will be OK after all

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank. 

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

People in the Global South are often subject to terrible fluctuations in their currencies, as well as hyperinflation. At the same time, many are unbanked, but still able to access…

Cheq hopes an easy-to-use app for stablecoins will appeal to inflation-wracked countries

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population,…

Digital bank Umba raises $15M, plans to expand into three new African markets

UK-based TrueCircle, a computer vision startup founded just last year, has nabbed $5.5 million in pre-seed funding in a bid to bring data-driven AI to the recycling industry to improve…

TrueCircle scoops $5.5M to use AI to drive recycling efficiency

The UK’s cost of living crisis has been making grim headlines for months — with no respite in sight. Just this week, newspapers reported that inflation had hit 5.5%, a…

This UK startup got $9M so you’ll pay it to shrink your household bills

Business education is, let’s face it, finding it hard to keep up with a $3 trillion global tech startup economy that’s booming right now. High-growth companies are time-starved and so…

Framework raises $2M seed to create an ‘on-demand business school’ aimed at startups

In good news for its peers that may seek to go public, the numbers Nubank has shared in its IPO filing seem to make pretty reasonable business sense.

Nubank’s IPO filing gives us a peek into neobank economics

Two months into 2021, South African fintech Stitch came out of stealth and raised $4 million in seed funding, allowing it to begin to make inroads into Nigeria some months ago.…

Stitch gets a $2M seed extension, hires Benjamin Dada to lead Nigerian expansion

Fraud continues to be a major issue in the world of digital transactions, a situation that research shows was only compounded in the last 20 months of online activity growing…

FrankieOne nabs $16M to provide fintechs with ID and fraud management as a service

A number of sexual health startups have spun up in recent years offering men discreet help with the awkward issue of erectile dysfunction. Companies like Numan and Roman. But “help”…

Mojo, a men’s sexual health startup that’s pushing therapy not pills, gets $4.4M seed

Starting with the assumption that 90% of startups will fail and the most successful ones take an average of six years to IPO, founders must make careful decisions about whom…

Extra Crunch roundup: Build a founding team, choose a VC and recruit your board

At least a portion of the neobanking world is financially stable enough to consider public offerings.

Neobanks’ moves toward profitability could be the path to public markets

Following on from mid-June when first-time buyer mortgage lending startup Generation Home raised a $30.4m Series A round and a £300m loan facility from NatWest, it’s now adding to its…

Tom Blomfield takes first board post at Generation Home, after leaving Monzo and Angel investing

As I’ve taken to online grocery shopping over the pandemic, I’ve always wondered why supermarkets didn’t offer simple ‘recipe’ features that would have automatically collected items for a homemade meal.…

Lollipop AI launches online grocery marketplace where you can build your own recipes

Thursday, a dating app that wants to solve problems created by, well, too much time spent using dating apps, had raised a £2.5 million (~$3.5M) seed investment — a few…

Thursday snags $3.5M for a dating app that’s live once a week

Lower, an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. This round is notable for a number of…

In its first funding in 7 years, profitable fintech Lower raises $100M Series A led by Accel

Neobanking has yet to show that it can generate positive, growing free cash flows over a multiyear period. But their results at least indicate that such incomes could occur in…

Maybe neobanks will break even after all

Cash is the predominant method of sending and receiving payments in the Middle East. If you owe someone a cup of coffee or a trip over a long period, repaying…

YC-backed Ziina raises $7.5M seed led by Avenir Growth Capital and Class 5 Global

According to a McKinsey report, the total number of mobile money services worldwide was 282 in 2017, with more than half of those operating in sub-Saharan Africa.  In 2020, these…

Accel-backed mobile money platform NALA to start offering remittance services to East Africa

Monzo, the U.K. challenger bank with just shy of 5 million customers, has recruited a new U.S. CEO to head up its efforts states-side, TechCrunch has learned. Carol Nelson, who…

Monzo, the British challenger bank nearing 5 million customers, has recruited a new US CEO

Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. Blomfield held the role of CEO until May…

Monzo founder Tom Blomfield is departing the challenger bank and says he’s ‘struggled’ during the pandemic

Productivity software has been getting a major re-examination this year, and human resources platforms — used for hiring, firing, paying and managing employees — have been no exception. Today, one…

Hibob raises $70M for its new take on human resources

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever,…

This Week in Apps: The year’s best apps, 2020’s biggest downloads, the App Store’s newest hire

Monzo, the U.K. challenger bank now with more than 4.8 million customers, has closed another £60 million in funding, priced the same as and effectively an extension of its previous…

Monzo, the UK challenger bank, picks up additional £60M in funding