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💲Robinhood Banks $1.5B. Monzo Packs Its Bags and Leaves the U.S. Public Unleashes the AI Bots.
Published 6Â months, 3Â weeks ago
Description
Robinhood Banking just hit $1.5 billion in deposits — five months after launch — while somehow surviving an Elon Musk-induced IPO scare in the same afternoon. Monzo quietly killed its US operation today, serving as a brutal reminder that the American banking market eats neobanks for breakfast. And Public just became the first brokerage to let retail investors deploy AI agents that actually execute trades. Three stories, one very loud Tuesday in fintech.