Monzo

Amid tough market conditions, digital bank Monzo has raised £340mn (€409mn) in new funding, reaching a post-money valuation of £4bn (€4.7bn). The round was led by new investor CapitalG, the growth fund of Google’s parent company Alphabet. GV (Google Ventures, Alphabet’s venture capital investment arm) and HongShan Capital (a ChineseVC firm that split from Sequoia Capital last year) also participated, alongside existing investors including Passion Capital and Tencent. Monzo says that the fresh…

iOS 17.4 beta has added a useful feature for Apple Cash users, allowing them to create virtual cards for places that are yet to accept Apple Pay as a form of payment.According to posts on Reddit, users running iOS 17.4 beta on their iPhones have spotted that they can create virtual cards within the Wallet app. For those unaware, Apple Cash arrived in 2018 for U.S. users only. With it, payment cards can be created in Wallet to buy goods, as well as being able to send cash to friends and family through iMessage.For stores…

Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO is “some ways down the road” — British digital bank Monzo marginally narrowed its annual loss in the year to February 2023 … Iain Withers / Reuters: Monzo reports £356M in FY2023 revenue, up from £154M in FY2022, and a £116M net loss, down from £119M YoY; CEO TS Anil says an IPO…

Technology has transformed countless industries – and the world of finance is no exception. Despite pandemic-induced delays, 2021 was the start of huge growth for the fintech industry. The financial world has experienced a tumultuous few years with the neverending innovative growth and development of technology. Fintech is a portmanteau for “financial technology.” It’s a catch-all term for technology used to augment, streamline, digitize or disrupt. Mobile fintech technology is changing how payments connect globally. The…

With Apple's upcoming Apple Pay Later feature — its 'buy now, pay later' offering — reportedly in testing with some Apple Store employees in the US, it's struck me that this, and a couple of other features Pay haven't yet been rolled out worldwide.Apple Pay in the US has features such as cashback on purchases, and the Apple Card itself, which is a credit card that you can track within Apple's Wallet app. In my native UK, these features remain absent. In the UK however, there could be a bigger amount of financial hoops…