Hot Fintech Startups London – Monzo
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Monzo is probably the most known Fintech Startups London has produced recently
Winners of the Best Banking App gong at the Smart Money People awards and was at the time of press just behind Starling in terms of revenues.
Monzo entered the fray as a challenger bank scene in 2015 focussing on developing an intuitive banking experience for customers and were very much successful in this ambition and is now holding around $1.1 billion in deposits
“we’re literally the safest bank you could possibly imagine, because the money just sits in the central bank. It seems bizarre. Anyone from another bank who looks at our balance sheet just scratches their head. They can’t understand it. Unless the UK fails as a country, that money is safe.”
CEO Tom Blomfield
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