Category Archives: monzo

Challenger bank Monzo launches accounts for 16-18 year olds

When weighing up the likely success of challenger banks in the U.K., two predominant schools of thought emerge. Those who are bullish say that incumbent banks provide a lousy user experience, rip off customers, and innovate incredibly slowly — and therefore are ripe for the taking. Challenger banks just need to focus on what they do best and word of mouth-led switching will follow. And then there are people who are less convinced who say that most consumers are happy enough with their current bank account and […]

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Fintech friends: Monzo partners with TransferWise for international payments

“So what’s going on here then?” I ask. “Two good friends just got even better [friends],” replies TransferWise co-founder Kristo Käärmann laughing, while Monzo co-founder Tom Blomfield, who is also on the video call, smiles approvingly. “Sorry for spoiling your news,” I tell the pair, who I’m interviewing ahead of an announcement today that the two companies are working together. The partnership, which TechCrunch outed nearly three weeks ago, will see TransferWise power international payments for the U.K. challenger bank’s 750,000 customers. It is the second new […]

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