UK fintech Monzo has abandoned its ambitions to expand into the US after ailing efforts to crack the market. The digital bank ...

The digital bank will cease accepting new American customers and cut approximately 50 roles.

Monzo Bank Ltd. is shuttering its US operations after years of failing to gain a foothold on the world’s largest market, and ...

The U.K.-based fintech will lay off roughly 50 employees and shift its focus toward Europe, where it gained a banking license ...

The exit highlights the steep challenges and high customer acquisition costs foreign fintechs face when entering the U.S.

Monzo to shut down US operations in ‘deliberate’ and ‘strategic’ move - The decision to leave the US will result in about 50 job losses ...

If you never intend to set foot in a bank branch and are well used to running your finances from your phone or tablet, you might consider one of the popular online-only banks next time you switch ...

For anyone who has tried to transition to the digital-first style of banking, also known as neobanking, it’s been a rough ...

Monzo is shutting down its business in the US after struggling to push into the market, and says it will be doubling down on ...

British group joins growing ranks of neo-banks but customers, for now, still seem committed to keeping some link with pillar ...

For those you read Part 1 of last week's long Monzo deep dive you know what’s coming. For folks new to Fintech: Under the Hood, I highly recommend you start by reading last week’s edition if you haven ...

Monzo for Under 16s is a free account that offers 2.75 per cent AER variable interest on savings and no minimum deposit ...