Neobank Monzo Customer Base Exceeds 10 Million
Digital bank Monzo, which is based in the United Kingdom, reported that the number of its customer base exceeded the 10 million mark.
Digital bank Monzo, which is based in the United Kingdom, reported that the number of its customer base exceeded the 10 million mark.
Neobank Monzo has recorded the first profitable year in its entire history, as a result of which this virtual lender, relying on positive financial indicators, is now planning to scale up its activities.
British neobank Monzo on Wednesday, May 8, announced that it had managed to raise investments for $190 million.
Digital bank Monzo, which is based in the United Kingdom, on Tuesday, March 5, announced that it had managed to raise new capital for $430 million from investors.
Monzo, a fintech unicorn based in the United Kingdom, is set to achieve a £4 billion valuation as part of its latest funding round.
British banking challenger Monzo teams up with one of the world’s largest fund managers BlackRock to make investing easier and more accessible.
The British mobile bank Monzo is currently assessing the potential prospects of a merger with the Danish financial institution Nordic peer Lunar Group A/S, as reported by the media concerning sources aware of the relevant intentions of the digital lender.
British neobank Monzo said that it managed to achieve profitability.
Investment banks have approached the British bank Monzo about a potential initial public offering of shares.
Many experts firmly believe that the mobile-only banking trend will not just continue, but will also be reinforced
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