Monzo

Stuart Gillies, an associate at CMS, wrote for The Scotsman, on how the burgeoning Fintech industry is set to plunge the corporate world into a tech-driven revolution. Fintech, the use of technology in the delivery of financial services, is thriving. Companies and products such as Monzo and App

Challenger bank Monzo now has three million customers, with sign-ups continuing to rise for the app-only bank. Monzo reached the milestone only four months after acquiring two million users and the company said it is currently taking on 55,000 new customers every week.

Digital banks operating within Britain are on track to treble their customers in the next year.

Edinburgh-based personal finance app Money Dashboard has raised over £4.6 million to allow the fintech to triple its staff numbers.