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Mondo (bank)
Monzo Bank Ltd () is an neobank, online bank based in the United Kingdom. Monzo was one of the earliest of a number of new app-based challenger banks in the UK. Originally operating through a mobile app and a prepaid debit card, in April 2017 its UK banking licence restrictions were lifted, enabling it to offer a full Current account (banking), current account. As of July 2022, Monzo had over 5.8 million customers. Their most recent financial results issued in July 2022, showed an annual net loss of £119M (an increase from the £116.2M lost in the previous year) on revenue of £154.2M. History Monzo Bank was founded as Mondo in 2015 by Tom Blomfield, Jonas Huckestein, Jason Bates, Paul Rippon and Gary Dolman. The team originally met whilst working at Starling Bank. In February 2016, Monzo set the record for "quickest crowd-funding campaign in history" when it raised £1m in 96 seconds via the Crowdcube investment platform. Two weeks prior to the name change, Monzo was grante ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gary Hoffman (businessman)
Gary Andrew Hoffman (born October 1960) is the former chairman of Monzo and Coventry Building Society. In April 2020 he was appointed as chairman of the English Premier League a role he began on 1 June 2020. He was formerly the chief executive of Northern Rock and NBNK and chairman and chief executive of Hastings Insurance. In April 2021, Hoffman faced criticism of his actions within his role as chairman of the Premier League. This involved allegations of complicity in the failed European Super League attempt, and of acting with bias in the Premier League’s blocking of the Newcastle United takeover. Later in July 2021 it emerged that Internet bank Monzo, which Hoffman is the current chairman of, was under investigation for potential money laundering Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |