Good to hear that all the Mondo teams hard work is paying off - hope there aren’t too many sore heads from the partying
It’s official as it’s on the Trello board
For anyone wondering where the card on the Trello board with this update is Banking License with Restrictions (AWR).
Awesome news, congrats!
Woo hoo! No entirely sure what this means, other than progress. Is there anything extra that we can get now, as avid users?
Great to hear!
Sooo close to saying goodbye to Barclays!!
Great work team
Great news guys ! Well done to all involved
Will this bring the announcement of the new name…
Guess nothing much will happen until the Mobilisation process is over:
In carrying out the regulated activity of accepting deposits, the aggregate amount of deposits held by the firm at any time and may not exceed £50,000. Deposit has the meaning given in Article 5(2) of the Financial Services and Markets Act 2000 (regulated Activities) Order 2001. [Note: this restriction is imposed as part of the PRA and FCA mobilisation process for newly authorised banks. For more information on mobilisation see the PRA and FCA websites
Focus FS… hum… wonder what the new name will be
Thats not their new name.
Mondo is a trading title of Focus FS Ltd
At least it’s a step in the correct direction. They can work on getting an unrestricted licence.
Nice bit of PR in the Wall Street Journal Digital Start-Up Mondo Gets Banking License.
Mondo will be able to offer current accounts in early 2017, after the license’s restrictions are lifted.
Congrats on being a bank!