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But does Monzo (or any other bank at this point) have a sustainable business model? Finance is getting commoditised so there’s very little money to be made from
by xchaotic 5y ago
But does Monzo (or any other bank at this point) have a sustainable business model?
Finance is getting commoditised so there’s very little money to be made from saving accounts and Monzo has been loss making since the beginning.
It’s great that they have a slightly more modern software stack but it might not be enough to sustain a bank.
- _n_b_ 5y agoInterchange. While this article is more US specific and Monzo is obviously a UK bank, take a look at https://bam.kalzumeus.com/archive/debit-cards-are-hidden-financial-infrastructure/ https://bam.kalzumeus.com/archive/debit-cards-are-hidden-fin...