News

October 8, 2020

Monument, a new digital bank for the rich, wins banking licence

Monument, aimed at banking the savings of individuals worth between £250,000 and £5m, has been granted a restricted UK banking licence.


Freya Pratty

2 min read

Monument, a new London-based digital bank for the affluent, has been granted a restricted UK banking licence in the latest example of the boom in new consumer fintechs. 

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Mintoo Bhandari, founder and chief executive of Monument.
Mintoo Bhandari, founder and chief executive of Monument. Credit: Monument.
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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