MonzoMonzo, the $4.5 billion digital challenger bank, launched a feature that lets users make investments —marking its first foray into the massive financial investment market.
Monzo Investments will allow users to start investing with as little as £1.
With Monzo Investments, you can start from £1."
MonzoThe investments pots feature will appear in a new part of the home screen on Monzo called Savings & Investments.
Gautam Pillai, head of fintech research at the investment bank Peel Hunt, said Monzo's new investments feature could increase customer "stickiness."
Persons:
Anil, Monzo Monzo, It's, Monzo, who've, they'll, Monzo's, they've, Zopa, Wise, we've, Gautam Pillai, Peel Hunt, Pillai
Organizations:
Investments, BlackRock, CNBC, Monzo, Monzo Investments, Savings, Starling
Locations:
Britain