Central Bank approves EU banking licence for fintech Monzo

Monzo’s EU headquarters, and is led by former Stripe, Twitter, and Google executive Michael Carney

The Central Bank and the ECB have approved a full European banking licence for British bank Monzo, which will let the London-based company offer its current and savings accounts in the EU.

The Central Bank and the ECB have approved a full European banking licence for British bank Monzo, which will let the London-based company offer its current and savings accounts in the EU.

The fintech has received the Irish banking licence which will now allow the UK digital lender to expand into markets across the European Union.