Digital bank Monzo gains a full European banking licence

UK-based digital bank Monzo is ready to expand into Europe. The fintech has acquired a full banking licence from the Central Bank in Ireland, as well as from the European Central Bank. Monzo has gone from strength to strength since it launched back in 2015. Now the company’s European headquarters will be in Dublin, where it will be regulated by the Central Bank of Ireland. While Monzo’s European expansion is starting in Ireland, the digital bank has its eye set on numerous other European markets. There are already 14 million customers, including over 800,000 businesses, and this is a number… [Continue Reading]