The bank already offers a personal current account
As Jordan Shwide, Operations Analyst at Monzo, said in a blog post, the mobile-only bank have started exploring how to offer a current account for businesses, so that entrepreneurs, sole traders, freelancers and small business owners could conveniently access a business bank account.
There are more than five million small and medium-sized enterprises in the UK, and almost nine million people either run their own small business or work for one. Therefore, Monzo sees it as a big opportunity to bring its services to even more people and help them manage their money better.
SEE ALSO: Monzo users can now deposit cash