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The British fintechs hoping to crack America

Adding of Revolut Visa card into Apple Pay digital wallet.
Photo: Getty Images

Revolut and Monzo face steep challenges in a complex regulatory environment and competitive retail banking sector.

11 March, 2025 by Akila Quinio in London

For Fred, a 30-year-old strategy consultant, one of the first challenges of moving to New York from London was getting used to his new Chase banking app. “Wiring people cash is clunky and you have to pay fees,” he says. “It’s a bit of