UK-based digital bank Monzo launches in the US, says it doesn't have its own US banking license and won't be lending US customers money (Tom Warren/The Verge)

UK-based digital bank Monzo launches in the US, says it doesn't have its own US banking license and won't be lending US customers money (Tom Warren/The Verge)


Tom Warren / The Verge:

UK-based digital bank Monzo launches in the US, says it doesn’t have its own US banking license and won’t be lending US customers money  —  Monzo’s mobile-only bank has helped revolutionize British spending  —  British mobile-only bank Monzo is making its way across the pond to the US today.

UK-based digital bank Monzo launches in the US, says it doesn't have its own US banking license and won't be lending US customers money (Tom Warren/The Verge)
Source: Tech Meme