Monzo launches its ‘bank of the future’ in the US

British mobile-only bank Monzo is making its way across the pond to the US today. Valued at more than $1 billion, Monzo has gradually been growing its customer base in the UK and recently hit 2.2 million customers. Unlike traditional banks, Monzo operates solely on iOS and Android via an app, and has no brick-and-mortar banks. It calls itself the “bank of the future,” that will take on the bigger banks.
Monzo has managed to grow quickly in the UK thanks to its focus on features that