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A comment on Monzo, a U.K. challenger bank, raises £85M Series E. Parent comment

Re:Monzo, a U.K. challenger bank, raises £85M Series E by raesene9 on Wednesday October 31, 2018 @08:32AM (#18345088)
One small point to watch there is that AFAIK Revolut does not have a banking license so they're not covered by the FCA deposit protection scheme.

Not a worry unless they go bust of course, but one to be aware of ...

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Re:Monzo, a U.K. challenger bank, raises £85M Series E by nullify88 on Wednesday October 31, 2018 @01:52PM (#18347821)
Yeah it's a wonder why its taking so long. It's a great card to travel with but don't put too much money on it for this reason.
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Re:Monzo, a U.K. challenger bank, raises £85M Series E by theBobBob on Wednesday October 31, 2018 @01:33PM (#18347676)
They have applied for a banking license, but that was like a year ago and haven't heard anything much since then.
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