Executive Briefing
Can Monzo, the UK’s fast-growing, mobile-native bank make it in America?
It’s just started beta testing.
By Dan Frommer on Friday, August 16, 2019 at 8:30 pm
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.
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