Mobile bank announced it has launched the first 100 Monzo business accounts

Monzo starts testing business accounts. Source:?shutterstock.com

British mobile-only bank Monzo announced that it is launching a small test of business accounts to 100 sole traders and limited companies. Customers can join the waiting list to open a Monzo Business Account as soon as this option will be available. The bank expects for this to happen by the end of the year.

The first 100 customers will be able to get started, pay and get paid, manage their money, keep track of budgets and expenses, and more. According to Jordan Shwide, Operations Analyst at Monzo, the bank is starting with a small test so that the team can understand how account features and internal processes need to change before they can launch business accounts more broadly.

SEE ALSO:?Biggest threats to banking in 2019