Monzo has hired a new CEO for its US business, TechCrunch reports.
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Carol Nelson has taken up the role and will start next week.
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Nelson has experience as CEO of Cascade Bank and was previously SVP at Bank of America. d
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She has already been acting as a strategic advisor for Monzo over the past year.
What does this mean?
The former US CEO was TS Anil, who took over as CEO of the UK business as well when Tom Blomfield stepped down from the role last year.
Nelson will guide Monzo through its early stages in the US – at present it has had a limited launch, operates a small team, and is applying for licensing.
