The Monzo US roadmap has changed significantly. Most of the good stuff is now gone. Why the drastic change?
Money. Risk. Financial detriment.
I don’t think monzo will ever do good in America.
They are, however, going big for Europe.
I was eagerly waiting for some items that were on Priority list (like opening a US account from a UK account and transferring money to non-US accounts). But now they’ve been moved to the Backlog. I’m not sure if I’ll join Monzo, especially after seeing what they’ve done with their Pro option. It looks like Starling is coming to the US market, so I’ll probably join them since I’ve had a great experience with them in the UK.
Wait, since when is Starling planning on launching in the US? I know Bunq was trying to, but I haven’t heard anything since their announcement last year.
Ooh, interesting. Well, I certainly don’t mind more competition in the market. I remember seeing them trying to sell their platform to other banks and credit unions here but I didn’t know they were planning on becoming a bank here too. Also, I see they’re taking the SoFi approach of buying an existing bank rather than trying to get a new charter.