The number of venture capital investment deals, as well as funding volumes, managed to show significant growth in 2018.
FinTech is increasingly collaborating with traditional banking institutions, combining the innovative mindset of FinTech startups with the scale, strong brand recognition of traditional banking institutions. However, a new disruptive force is on the horizon: TechFin.
The deal will let Monzo users send money from their current account to 16 of the most popular currencies, with some more added in the future.
Monzo has crossed the line of $93 million in a recent funding round and it’s not going to slow down in their race with brick-and-mortar banks.