Monzo has announced that it has appointed Tom Oldham, a former executive at Nubank, as its new Chief Financial Officer (CFO).
The appointment has suggests potential IPO ambitions for the digital bank.
Oldham, who will join the bank in the New Year, he replaces James Davies, recently hired by Ovo Energy.
Monzo, which has rapidly grown since its inception in 2015 to become the UK’s seventh-largest bank with over 11 million users, it has raised £490 million this year and achieved a £4.5 billion valuation. The bank is also expanding its product offerings and plans to enter the European market through Ireland.