Can a bank charge for software? That’s the existential question Monzo appears to be asking itself with its second — or, possibly, third — attempt at launching Monzo Plus, a premium version of its popular current account. In an uncharacteristic (and very public) misstep, Monzo originally launched a version of Monzo Plus in 2019, only…
More personnel changes are afoot at Monzo, as the U.K. challenger bank continues to bolster its leadership team. Specifically, TechCrunch has learned that Sujata Bhatia, a former American Express executive in Europe, has been recruited as Monzo’s new Chief Operating Officer, replacing previous COO Tom Foster-Carter (who left the bank rather suddenly in November to…
If you have ever attended (or tuned into) one of Monzo’s many community events, you are likely familiar with the work of Simon Balmain. An early employee of the challenger bank, he has played a long-term role in helping to build Monzo’s customer support and community efforts and was often seen emceeing events. Now TechCrunch…
Monzo, the U.K. challenger bank, is officially launching business bank accounts today, after an extensive trial period over the last 12 months that saw early access given to 2,500 business customers. Perhaps surprisingly, right out of the gate Monzo is offering two versions of its business bank account — which is aimed at sold traders…
Monzo, the fast-growing challenger U.K. challenger bank that recently soft-launched in the U.S., is disclosing a potential, albeit relatively limited, security oversight that saw customer PINs stored incorrectly within the company’s internal systems. Discovered on Friday, the “bug” has now been squashed after being spotted by one of Monzo’s security engineers, co-founder and CEO Tom…
