INSUBCONTINENT EXCLUSIVE:
challenger bank, is officially launching business bank accounts today, after an extensive trial period over the last 12 months that saw
early access given to 2,500 business customers.Perhaps surprisingly, right out of the gate Monzo is offering two versions of its business
providing web access not just mobile app-based banking
lets businesses put aside a percentage of inbound payments in preparation for a future tax bill (a simple but fairly ingenious feature),
integration with third-party accounting software, multi-user accounts, and in-app invoicing tools.Monzo business account tiersIn a call with
Monzo co-founder and CEO Tom Blomfield late last week, I asked him why the bank had decided to charge from the get-go, when others, such as
During its formative years, the upstart bank prioritised speed to market and an iterative product development process, which, for the most
part, has served Monzo well
YouGov named us the number one brand in the U.K
And I think we were still operating a little bit like a scrappy startup rather than a mature bank
obvious during the 12 months Monzo spent developing its business bank accounts, Blomfield says the team knew that multi-user access was
going to be a big thing, and that instant notifications are a surprisingly useful for businesses as well
important than the team had initially realised, leading Monzo to invest quite heavily in a web portal for business accounts
