INSUBCONTINENT EXCLUSIVE:
challenger bank with more than a million customers and a unicorn valuation to boot, has quietly began working on a U.S
launch, TechCrunch has learned.According to multiple sources, the fintech startup has set up a small team to begin laying the ground work to
bring a version of Monzo to North America, which will initially be powered by a U.S
banking partner while Monzo works on the necessarily regulatory licenses to go it alone.The plan, which could still be subject to change, is
customers, much in the same was as it first launched in the U.K
with a pre-paid debit card before eventually offering a fully fledged bank account.The thinking, according to one person familiar with the
customer base and iterate its product for the U.S
payments, ATM withdrawals, and realtime transaction notifications
In other words, many of the same features that has endeared Monzo with U.K
over the coming months and years
Tom Blomfield has openly talked about his ambition to bring Monzo to the U.S
one day and the London-based challenger bank boasts an array of U.S
They include most recently General Catalyst, along with the likes of Thrive Capital, Goodwater Capital, Stripe, Michael Moritz, and
Instagram co-founder Kevin Systrom.The fintech company also recently opened a Las Vegas office, from which it offers twilight hours customer
Or at least that is the party line
Now it appears that Las Vegas could soon have Monzo customers closer to home to keep happy, too.
