Monzo partners with Transferwise to offer international money transfers

Monzo, the FinTech startup, has partnered up with TransferWise, the money transfer service, to offer international payments to its customers.

The UK challenger bank was founded in February 2015 and has grown exponentially since. It now has more than 300 employees and claims its 750,000 customers have spent over £2bn with their cards.

TransferWise launched in 2011 and, according to their stats, has more than 3 million users who transfer over £2bn every month across the 50 currencies that they offer.

Together they want to bring fairness and transparency to the banking sector.

Monzo will integrate with TransferWise’s API, to help customers send money in 16 currencies via their Monzo app.

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