Monzo

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Traditional banks are facing a threat to their card and payments operations from challenger platforms, such as UK fintech operators Revolut and Monzo and Germany’s N26. Image: iStock
Irish banks put €5.9m into app aimed at taking on Revolut, N26

The group of Irish banks seeking to set up an instant money-transfer app to take on the likes of Revolut and N26 have committed almost €5.9 million of(...)

Revolut, the UK-headquartered main digital platform in the Irish market, was only established in 2015 and claims to have already picked up about 1.2 million Irish users since its launch here in 2019. Photograph: Getty Images
Irish banks’ payments app plan to take on Revolut hits snag

A plan by a group of Irish banks to set up an instant money-transfer app to take on the likes of Revolut and N26 has hit a stumbling block, as the Com(...)

Permanent TSB is among the banks that have grouped together to plan an app to counter the threat posed by the likes of Revolut and N26. Photograph: Alan Betson / The Irish Times
Irish banks select Italian fintech Sia to develop app to rival Revolut

The group of Irish banks seeking to set up an instantaneous money-transfer mobile app to take on the likes of Revolut and N26 have selected Italian(...)

An AIB branch in Dublin’s city centre. AIB is one of four Irish banks seeking to launch a new digital payments service. Photograph: Jason Cairnduff/Reuters
Irish banks club together with new digital service to counter Revolut threat

Four of the biggest banks operating in the Irish market are joining forces to launch an instantaneous digital payments app that they hope will help th(...)

Revolut has previously claimed to have 1 million customers in the Republic of Ireland. Photograph: Getty Images
Revolut losses tripled before Covid-19, despite rise in users

Digital banking operator Revolut saw its losses more than triple in 2019, providing further evidence of strain on financial technology firms even befo(...)

Monzo’s new valuation puts it in the upper echelons, just behind a pair of SoftBank Group-backed startups that raised money this year. Photograph: iStock
Online bank Monzo valued at £2bn following £113m funding round

Online-only bank Monzo has closed a new funding round doubling the startup’s valuation to more than $2.5 billion (£2 billion), making it one of the UK(...)

Cofounder and chief executive of smartphone-based bank N26, Valentin Stalf, attends a session at the Paris Fintech Forum Photograph: Eric Piermont/AFP/Getty
Germany’s N26 is Europe’s most valuable start-up with $2.7bn valuation

German digital bank N26, which offers accounts to Irish customers, has become Europe’s most valuable financial technology start-up after raising $300 (...)

Monzo is Britain’s fastest growing digital bank, having attracted more than 1.3 million customers since launching four years ago
Online bank Monzo hires financial market veteran as chairman

Online bank start-up Monzo, in which Stripe has a stake, is set to appoint financial market veteran Gary Hoffman as its chairman, a source close to th(...)

Monzo has nearly 800,000 active customers and employs about 300 people. It is reportedly eyeing a move into other European markets and into the US
Stripe backs Monzo again as digital-only bank becomes a tech unicorn

Monzo, a UK-headquartered digital-only bank whose backers include Stripe, has officially become a so-called “tech unicorn” after securing £85 million (...)

Crowdcube has 570,000 investors from more than 100 countries.
Crowdcube surpasses £500m in pledged investments

More than £500 million (€556 million) has been made in pledged investments on Crowdcube, a leading British online crowdfunding platform that has also (...)

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