Business banking?

Here’s Tom’s confirmation that Monzo won’t offer business banking -

It does look like Monzo is open to helping users manage their expenses, an example of a really good development of the existing functionality is here -

However, in the last week Tom has promoted a startup call Coconut the “bank account for freelancers” which looks like it’s providing the types of services that the entrepreneurs who have shown an interest in Monzo were looking for -

although he might just be grateful that they changed their name from Monizo, rather than making a trademark claim against Monzo…

Here’s a link to Tide’s website It’s worth mentioning that they’re backed by the same investors (Passion Capital), as Monzo.

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