monzo

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

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 a crypto wallet. A w

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

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, these f

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

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 recovery rates

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

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 30-year high, furthe

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

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 are thei

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

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.

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

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. Today, Stitch formally

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

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 as a result of COVID-19.

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

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” in thi

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

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 they invite to join the co

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

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

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

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 board. Althou

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

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

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

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 months after launching (i

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

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 reasons. First off, it’s a larg

Maybe neobanks will break even after all

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 time.

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

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 via cash is your best bet. This is one pr

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

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 numbers increased si

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

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 previously spent 10 yea

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

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 last year when he assume
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