UK digital bank serves clients shunned by big lenders

UK digital bank serves clients shunned by big lenders

Malay Mail Online - Money·2020-02-23 15:02

Estonia-born entrepreneur Norris Koppel, founder and CEO of mobile phone app-based 'neo-bank' Monese, poses at the company's offices in London February 7, 2020. — AFP pic

LONDON, Feb 23 — Among Britain's digital app-based banks that are attracting moneyed urban millennials is Monese, which also courts customers neglected by the country's established lenders.

In early 2000, Estonia-born entrepreneur Norris Koppel arrived in Britain and spotted a major gap in UK banking for newly-arrived foreigners who had trouble opening traditional accounts.

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