Monzo

Monzo is a UK-based digital bank (challenger bank) that offers app-based personal and business accounts, including card payments and money transfers. It has surpassed one million business accounts.

Why it’s in the news: It is in the news after an outage disrupted card payments and transfers (resolved using backup infrastructure), alongside its chairman stepping down following shareholder backlash.

Latest on Monzo

• Monzo says issue with card payments and transfers now resolved
• Monzo deploys backup bank in face of outage
• Monzo Chair Departs Following Last Year’s Shareholder Backlash
• Monzo chairman Hoffman steps down
• Monzo tops one million business accounts
• Monzo and Inclusive Money collaborate on sole trader pensions

Connections

6 entities linked to Monzo across the news graph.