Can Monzo, the UK’s fast-growing, mobile-native bank make it in America?
It’s just started beta testing.
Yesterday’s briefing, a q&a with Tom Blomfield, the co-founder and CEO of the UK’s beloved new-wave bank Monzo, exceeded 4,000 words. I won’t repeat that today.
But if you didn’t have a chance to read the interview, I wanted to highlight a few main points today.
You’re probably going to be seeing and hearing a lot about Monzo in the US over the next few years. It recently raised £133 million (almost $140 million at today’s exchange) at a £2+ billion valuation, in a round led by Y Combinator’s growth fund. And it will be putting that to work with US-specific marketing and product development.
The New Consumer Executive Briefing is exclusive to members — join now to unlock this 1,200-word post and the entire archive. Subscribers should sign in here to continue reading.
Hi, I’m Dan Frommer and this is The New Consumer, a publication about how and why people spend their time and money.
I’m a longtime tech and business journalist, and I’m excited to focus my attention on how technology continues to profoundly change how things are created, experienced, bought, and sold. The New Consumer is supported entirely by your membership — join now to receive my reporting, analysis, and commentary directly in your inbox, via my twice-weekly, member-exclusive newsletter. Thanks in advance.