Mondo Public Beta is out in UK. This app-only bank Mondo has raised £1 million in just 96 seconds.

 

Mondo is a bank touted to be as smart as your phone. It is in fact built for your smart phone. You can instantly receive a lot of updates on your smartphone not yet implementing by other banks. This includes balance check, intelligent notifications and an easy UI. The startup has no open public beta. A few users would get chance to check out the performance of this smart banking startup really works. Co-Founder Tom Blomfield when first started raising funds it was predicted to be millions.

This app-only bank Mondo has raised £1 million. And to shocking this was in just 96 seconds. The startup was already having a good hype among the investors.  This is touted as being the fastest equity raise that has ever taken place. Tom Blomfield, Mondo CEO and co-founder appreciate and thanks to those who have invested and trusted in the service. According to him there are many who has helped and shaped Mondo to become a valuable service.

Mondo works with a Pre-paid maters card including a iPhone application. A kind of gateway for the app usage. This will helps you monitor your spending and gives you smart data on your finances. After this, Mondo has declared a world record in the fastest equity funding that has ever happened.

Through this application you can tracks your expenditure and other transactions. This will offer an overview on the spending’s and you can sort them out in categories. Also you can get a graphical timeline of your overall expenditure, with this there is a option that will help you to send money to a person who is using Mondo. This is called as peer-to-peer payments.

Yet, Mondo is changing the way we look at banking. It is banking for the new world we want to create.

Takeaways:

• Mondo is a bank built for your smart phone.
• It offer updates on balance instantly, gives intelligent notifications, and is easy to use.
• This app-only bank Mondo has raised £1 million in just 96 seconds via Crowdcube