Listen to Monzo founder on building a ‘smart’ bank, fintech bubble, and turning down acquisition offer

Tom Blomfield Yesterday I caught up with Tom Blomfield, co-founder and CEO of digital-only or ‘challenger’ bank Monzo. In our call, we talked about why Blomfield and his 80-plus team are building a new bank, whether or not we are in a fintech bubble, and what he thinks the impact will be of upcoming EU regulation intended to force incumbent banks to open up. Read More

Pleo, a startup that offers a card and app to manage company expenses, gets backing from Creandum

Pleo London and Copenhagen-based fintech startup Pleo, which offers a card and app to manage company expenses, has closed an additional $3.25 million in funding. The round was led by European VC firm Creandum, with participation from pre-seed and seed investor Seedcamp, and previous backer Founders. Read More

Cuvva launching pay-as-you-go car insurance aimed at infrequent drivers

login-in-use Cuvva, the Scottish startup that reckons it’s spotted a gap in the market by offering hourly car insurance sold through a mobile app, is set to launch a novel and potentially disruptive new type of car insurance designed for infrequent drivers. It’s well known that many people who own a car drive it less and less these days, especially those who live in a city, and yet conventional… Read More