Monzo: is it all it’s cracked up to be?
Students get a bad rap when it comes to money. But every year, half a million of us manage the cruel plunge into the deep end of economic independence and the infinity pool of student debt, and how? Because the student is no ordinary economist.
When out and about, have you noticed the increasing number of bright coral cards? Have you wondered: “What is this card which claims to be the bank of the future?” Have you considered: “Is it really worth getting?” These bright coral cards belong to Monzo: a digital, mobile based bank, founded by a group of London bankers in 2015. In 2016 the company raised £1m in 96 seconds on Crowdcube – the fastest ever fundraising round the crowdfunding site has hosted. Hundreds of thousands of young people are signing up every year for the group’s handy app and great customers service.…