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Three UK challenger banks posted their financial results for 2019 through July and August. Monzo, Starling Bank, and Revolut showed growth in revenues year-on-year but also mounting losses.  The trio have won customer loyalty and positive press for sleek app designs and colorful payment cards. But their financial results and the challenge of COVID-19 raise fresh questions about their long-term viability. Visit Business Insider's...

London fintech challenger bank Monzo has launched a premium account service called Monzo Plus.  This is the startup's second attempt at paid accounts following a botched launch effort in 2019.  The service costs £5 ($6) a month and comes with a new blue holographic debit card.  Visit Business Insider's homepage for more stories.  Challenger bank startup Monzo has relaunched paid accounts as the unicorn...

TransferWise, a UK-based money transfer startup, reported revenue growth of 53%, and post-tax income of $12.7 million for the year ended in March. That comes as some upstarts in the financial services industry have struggled to turn profits as they spend on scaling their businesses and adding products. International expansion is a top priority for the fast-growing fintech. Click here for more BI Prime...