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[23] [24] That month the company also launched its loan products for customers. [25] In March 2020, Monzo announced the creation of two business bank accounts for sole traders and small-to-medium sized businesses. [26] This was followed by Monzo's first loan products for its personal current account customers in April 2020. [27]
Monzo, the U.K. 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.
To manage and recover your account if you forget your password or username, make sure you have access to the recovery phone number or alternate email address you've added to your AOL account. If you know your username but need to reset your password, make sure you create a strong password after you're back in your account.
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Tip: Weigh your options ahead of time so you can choose the best personal loan type for your funding needs. Next steps: Double-check your budget to make sure you can afford a fixed payment, and ...
Monzo's valuation grew from approximately $350 million [92] to $1.27 billion [93] through these two rounds of fundraising. Stripe participated in a third round of funding for Monzo on June 24, 2019, which raised approximately $144 million in funding for Monzo at a valuation of approximately $2.5 billion. [94] [95]