Monzo’s EU Chief Leaves Neobank to Launch Robotics Startup
Monzo’s European CEO is reportedly leaving to launch a robotics-focused startup for people with disabilities. Michael Carney is stepping down from the U.K. neobank, where he has served as European Union CEO since 2024, according to a Tuesday (Sept. 22) Bloomberg News report citing an emailed statement from the executive. “I’ll continue to lead the […] The post Monzo’s EU Chief Leaves Neobank to…
Michael Carney, Monzo’s European CEO since 2024, is leaving the U.K. neobank to launch a robotics-focused startup aimed at supporting people with disabilities, according to a Bloomberg News report. Carney, who will continue to lead the business with the EU leadership team, announced his departure in an emailed statement, emphasizing that the company will continue searching for a new CEO to guide European operations into the future.
The move comes as Monzo shifts its focus to Europe and Great Britain, closing its American operations after struggling to capture that market. The neobank had previously withdrawn its U.S. banking license in 2021 and considered restarting the process earlier this year.
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