UK challenger bank Monzo hires Conor Walsh, former head of global product at Square’s Cash App, as its new US CEO to pursue its American expansion.
Facts
- Monzo appointed Conor Walsh as the new US CEO to lead the bank’s American strategy, product development, and growth.
- Monzo has been preparing for its US expansion for years, with previous attempts and changes in leadership.
- The bank initially applied for a US banking license in April 2020 and made leadership changes, including TS Anil and Carol Nelson.
- In October 2021, Monzo temporarily withdrew its US license application amid financial challenges in the UK.
- Monzo returns to its US expansion plans with the hiring of Conor Walsh, who previously worked at Cash App and Verse.
