The British Are Coming: Monzo Eyes a US Launch

According to Techcrunch, UK digital challenger bank Monzo has quietly begun working on a US launch; they have setup a small team and will be working initially with a US banking partner as they work on getting the necessary regulatory licenses; the plan is “for Monzo to create a ‘lite’ version of its product for U.S. customers, much in the same was as it first launched in the U.K. with a pre-paid debit card before eventually offering a fully fledged bank account.” Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]