Hints and tips:
...Michael Dell backs ex-Goldman heavyweights Two heavyweight executives who left Goldman Sachs in the past two years have found a big backer for their new credit firm: billionaire Michael Dell....
...Former Monzo chief Tom Blomfield described stress, anxiety and sleep loss during his time running the neobank as attacking the “myth of the superhero founder”....
...In 2021, Tom Blomfield stepped down as chief executive of UK digital bank Monzo, citing mental health struggles brought on by pandemic pressures....
...The Big Short, the movie adaptation of Michael Lewis’ book, showed the general public that credit default swaps were at the heart of the 2008 financial crisis....
...PS I’ll be interviewing Jonas Templestein, the co-founder of Monzo Bank, at the FT Future of Finance summit on June 16-17....
...Monzo is continuing to look at new avenues, with its buy now, pay later product in beta and with the idea of cryptocurrency trading potentially being considered....
...It’s an investor in several of its biggest names — Deliveroo, Monzo, Cazoo, Grammarly and Hopin — but with this latest move, it’s hoping to get much closer to the hottest early-stage start-ups....
...On Tuesday, the chancellor will invite tech bosses and investors to a conference in east London, including from Funding Circle and Monzo....
...The investment follows similar moves from rivals such as N26 and Monzo....
...Billionaire Icap founder Michael Spencer used £50,000 of cash from him and three friends from their company bonuses in 1986....
...Revolut has also hired a load of grandees from the world of traditional finance — such as Aberdeen Asset Management founder Martin Gilbert, now Revolut’s chairman, and former Goldman Sachs vice-chairman Michael...
...Today, many people use digital banking tools to ring fence sums of money (Monzo calls them pots, Starling calls them goals)....
...Follow the money: UK challenger bank Monzo has raised an additional £60m in funding, according to TechCrunch....
...It was at one time an important part of the UK’s fintech infrastructure, providing early support to online-only banks such as Revolut and Monzo....
...Grimshaw was previously a general partner at Thrive Capital, where he made investments in companies such as Airtable and Monzo....
...He has advised Revolut in the past, and was chief risk officer at fellow digital challenger bank Monzo when it secured its banking licence....
...Fundraisings have tended to be small; Monzo has raised £300m over several years while Revolut, one of the biggest and most successful, is in talks to raise more than $500m in a single deal....
...As the White House stonewalls Chinese tech, Michael Auslin, a fellow at Stanford’s Hoover Institution, calls in the FT for a modern-day JP Morgan to come forward, for example Peter Thiel or Warren Buffett...
...Drop us a line and join the conversation: Due.Diligence@FT.com One update to Thursday’s lead item: We should have said that Michael Jensen, the Harvard Business School professor, popularised the phrase...
...Elsewhere in Europe this week, Sifted takes a look inside digital bank Revolut and Monzo’s mammoth upcoming funding rounds and asks if investors are finally getting “challenger bank fatigue”....
...Job Moves Fintech challenger bank Monzo has turned to a Visa executive and ex-Standard Chartered banker to lead its push into the US....
...Revolut received a banking licence in the eurozone last year, but has yet to begin actively lending unlike rival start-ups Monzo and N26....
...) Tesla valuation nears Elon Musk’s bonus trigger of $100bn (FT) Oxford university plans more 100-year debt in ‘anything goes’ bond market (FT) Loan growth helps Bank of America beat estimates (FT) Michael...
...Monzo, the digital bank, has hired the global head of payment products and platforms at Visa to lead its push into the US and Deutsche Bank’s top internal dealmaker, James Ruane, has quit to join hedge fund...
...Rival fintech Monzo recently did much the same: appointing former Barclaycard chief executive, Northern Rock rescuer and commoner Gary Hoffman....
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