I work at Mondo. People's savings are generally insured in banks. Once we're a bank, customer funds up to £75k per account will be insured via FSCS. In the me

I work at Mondo. People's savings are generally insured in banks. Once we're a bank, customer funds up to £75k per account will be insured via FSCS. In the meantime, the customer balances held on our prepaid debit card sit ringfenced in customer-specific accounts. If we went bankrupt, the funds can't be touched by our creditors and will simply be returned to the customers. Edit: spelling