LONDON — A number of UK fintech startups encountered technical issues on Thursday, warning customers that their payments may not go through.
App-only banks and firms including Monzo, Revolut, Loot, and Curve have all run into problems due to a supplier that provides some of their underlying technology.
It's not yet clear when the issue will be fixed, and Business Insider will update this post as more info comes in.
Monzo, which does not operate any physical branches, currently offers its customers a pre-paid debit card, and plans to launch a current account. "Please take another card with you today — the Monzo card is currently being declined," it warned in a push notification.
"As you may have noticed, card payments, top ups and transfers have not been fully functional since 7:45 this morning. One of our suppliers is having issues and investigating as a high priority." (