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Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

TechCrunch LogoTechCrunch1w ago

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

Quick Summary

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank.

In fact, he told TechCrunch that opening a bank account for the company “was a mess.

Example of Mono’s banking dashboard.“Those seeds thrown make the rebirth of the forest, and we like that analogy because that’s what small businesses do for the economy — entrepreneurs come in and make changes to the economy,” he added.


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Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses - TechCrunch (Picture 1)

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Article Details

Author / Journalist: Christine Hall

Category: Startups

Topics: Finance Financial technology Chile Enterprise Peru José Tomás Lobo Mexico Monzo Revolut Salomon Zarruk Soma capital Funding Neobanks Recent Funding Online payments Startups Y Combinator SaaS Mono Sebastian Ortiz Tiger global Bank Banking Financial services Latin america Money Nubank Payments Brazil TC Colombia Debit card Juan Camilo Poveda Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-17, 12:05:11

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 4 minutes read

Article Length: 652 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 442

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Official Website: techcrunch.com

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Last Updated: 1d ago

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