Does Monzo have any plans for Africa?
Not that they’ve announced.
They’ve recently expanded into the US so I imagine it will be a long time (especially with the current pandemic) before they consider expanding further.
there is a huge market in Africa, particularly Nigeria
there is an aggressive rise of digital banks in the country
At the same time, the regulatory environment in a lot of African countries is quite complex and they’ve already got their hands full building up their US product right now. I don’t see Monzo as being like other online banks in that I think they’ll finish up one thing before starting another rather than trying to be like Revolut and launching in a lot of countries as quickly as possible.