The foray into wealth is finally here: Monzo launches investments 💸; The state of European FinTech in 2023 🇪🇺💰

FinTech is Eating the World, 12 September

Hey Everyone,

Happy Tuesday! Today’s issue is extra hot as we’re looking at Monzo which just forayed into the wealth industry (we’re going to do a deeper dive unpacking this pivotal move for Monzo + more bonus reads), and take a big picture view at the the state of European FinTech in 2023 (key takeaways from the fresh report + priceless resources to execute your strategy). Let’s just jump straight into the intriguing stuff 🌶

The foray into wealth is finally here: Monzo launches investments 💸

The launch 🚀 UK digital bank Monzo has finally moved into wealth.

One of Britain's top neobanks just unveiled a new investment feature that allows customers to invest small amounts into funds managed by BlackRock BLK 0.00%↑.

This is yet another solid move by Monzo that perfectly aligns with the challenger bank’s long-term strategy to expand into wealth management & investments to drive profitability.

Let’s take a closer look and unpack this pivotal move.