Challenger bank Monzo launches overdrafts for eligible users
Monzo Bank has launched overdrafts for account holders after the challenger announced it had reached a milestone of 500,000 customers just one month ago.
Tag: Digital Banking
From Metro Bank to Mondo: A look at the prospects of Britain’s challenger banks
When Metro Bank became the first new high street bank in 100 years in 2010, it reflected that an arguably stagnant sector was getting a much-needed wake up call. More and more names have since entered the industry, but which are succeeding and what’s on the horizon for the newcomers
Digital startup Mondo aims to follow in Atom Bank’s footsteps to overhaul British banking
Banking startup Mondo has confirmed its first funding round with Passion Capital investing £2m. It’s planning ahead and aims to offer a full current account in the first half of 2016.