Monzo

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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 (...)

‘Irish savers would mostly be better placed seeking out alternatives to ploughing funds into a savings account on a monthly basis.’ Photograph: iStockphoto.com
Why Irish savers should forget about banks

As RaboBank gears up to exit the Irish market in May, its 90,000 customers will now have to seek out savings and deposit accounts elsewhere. But finan(...)

Monzo said it had no immediate plans to open an office in Ireland, although it hasn’t ruled out doing so in the future, depending on how Brexit works out
Digital-only bank Monzo gets go-ahead to expand in Ireland

Monzo, a UK-headquartered digital-only bank that has raised more than £100 million (€112 million) from investors that include Stripe, has obtained pas(...)

N26 is expecting to triple customer numbers over the next two years
Revolut embraces bitcoin while N26 rolls out premium debit card

European fintech start-ups Revolut and N26, which are both gaining customers fast in Ireland, are continuing to steal a march on traditional banks wit(...)

John (left) and Patrick Collison, co-founders of Stripe.
Collison brothers’ Stripe invests in UK bank

Stripe, the fast-growing online payments firm established by Limerick brothers Patrick and John Collison, is among the backers of UK bank Monzo, which(...)

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