As the UK prepares to lead the financial services sector with the imminent arrival of new open banking regulations, Monzo has already begun bringing current accounts to existing users, a process that will be complete before the end of the year. It said the wider public can now download the app to join the waiting list for current accounts, which will be offered to new users at the start of Related: Stripe , UK , crowdfunding , funding and investment , fintech , banking.
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Monzo has more than 20, current-account holders and the start-up bank has amassed something of a cult-like following in the UK, with almost , people using its distinctive hot coral cards and thousands more on the waiting list. Blomfield said the capital will be used to bolster hiring and continue driving growth.
More than 8, people have invested in Monzo through crowdfunding, allowing the community to take a personal stake in their own bank. The company also has further plans to launch a large crowdfunding campaign in , to give as many people as possible the opportunity to invest. As the UK prepares to lead the financial services sector with the imminent arrival of new open banking regulations, Monzo has already begun bringing current accounts to existing users, a process that will be complete before the end of the year.
It said the wider public can now download the app to join the waiting list for current accounts, which will be offered to new users at the start of Related: Stripe , UK , crowdfunding , funding and investment , fintech , banking. John Kennedy is an award-winning technology journalist who served as editor of Siliconrepublic.
Starling will also award shares to all employees, allowing everyone in the company to share directly in its success. We could not do this without the support of our employees, who work so hard to provide a better banking experience for our customers, giving them more control over their finances.
Starling is continuing to innovate to established itself as one of the most highly-regarded UK challenger banks. Its superior user experience is winning over retail and business customers. We believe is set to be a defining year for the business.
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