Whois & Analysis for monzo.me

Monzo Bank Ltd, is a digital, mobile-only bank based in the United Kingdom.

History.

It was founded as Mondo in 2015 by Tom Blomfield, Jonas Huckestein, Jason Bates, Paul Rippon and Gary Dolman.

The team had met whilst working at Starling Bank.

In February 2016, Mondo set the record for "quickest crowd-funding campaign in history" when it raised £1m in 96 seconds via the Crowdcube investment platform.

Two weeks prior to the name change, Monzo was granted a restricted banking licence, by the Prudential Regulation Authority and the Financial Conduct Authority.

Monzo currently has a number of prepaid debit cards in operation which it has issued to users for testing purposes.

These cards will be in use until early 2017 when it is anticipated that the banking licence restrictions will be lifted.

A deposit account is a savings account, current account or any other type of bank account that allows money to be deposited and withdrawn by the account holder.

These transactions are recorded on the bank's books, and the resulting balance is recorded as a liability for the bank and represents the amount owed by the bank to the customer.

Some banks may charge a fee for this service, while others may pay the customer interest on the funds deposited.

In financial markets, share is a unit of account for various investments.

It often means the stock of a corporation, but is also used for collective investments such as mutual funds, limited partnerships, and real estate investment trusts.

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form.

The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment.

Any item or verifiable record that fulfills these functions can be considered as money.