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Monzo Bank finds large footprints come at a cost in times of crisis. AltFi reports:
“Digital bank Monzo may see a nearly a 40 per cent drop in its valuation as it seeks its latest round of fundraising.
P2P Finance News reports:
“Funding Circle has announced that digital bank Starling will lend £300m to small firms through its platform, under the coronavirus business interruption loan scheme (CBILS).
“Payments start-up Banked is poised to challenge the dominance of established players in the sector as it launches out of beta after securing another £2.35million in seed funding.