Monzo celebrates fourth year on top of bank satisfaction rankings August 15, 2024 Monzo has once again taken first place in an official league table measuring whether customers would recommend their bank to friends and family, with the firm marking four years in the top spot. The digital-only bank, founded in 2015, has topped the Competition and Markets Authority’s (CMA) biannual current account satisfaction ranking since August 2020, [...]
Starling founder Anne Boden swaps bank for new AI venture July 14, 2024 Anne Boden stepped down from the board of Starling Bank in June but retains a stake understood to be just below five per cent.
UK sweeps a third of European tech funding in 2024 as London and Cambridge boom July 11, 2024 UK firms have received nearly a third of European venture capital tech funding so far this year, new data shows, as investors flock back to London and Cambridge bolsters its credentials as an international hub.
Mark Kleinman: Challenging times for challenger banks June 27, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly CityAM column. Today, he looks at challenger banks, Carlsberg's Britvic play and office space woes
The Notebook: Businesses yet to schmooze Labour are set for a nasty shock June 18, 2024 Labour has come a long way, but its manifesto should raise eyebrows in the business community, writes Michael Martins.
Monzo and Starling diverge on European expansion plans June 5, 2024 The UK's two leading digital-only banks are diverging in their approach to international expansion as they target new markets ahead of expected stock market listings.
Monzo boss aims to grow bank ‘several times’ bigger ahead of expected listing June 3, 2024 The chief executive of Monzo has said it is still "too early" to talk about the digital bank's IPO ambitions as he focuses on growing the business "several times" bigger and expanding overseas.
Monzo posts first annual profit as digital bank targets European expansion June 3, 2024 Monzo has reported its first annual profit since it launched in 2015, with the digital challenger bank enjoying record growth and unveiling plans to expand into Europe.
Monzo’s valuation rises as fintech giant bags £150m funding for US growth May 8, 2024 Monzo has raised $190m (£150m) in new funding, taking its total for the year to $610m (£490m) and raising its valuation to $5.2bn (£4.1bn), as the digital bank eyes up international expansion and a flurry of new products.
London venture capital funding halves as deals sink to eight-year lows April 22, 2024 London venture capital funding fell to its lowest level since 2018 during the first quarter of this year, with only $1.7bn in funding raised.