The digital bank plans to officially roll them out over the coming weeks.
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Monzo will put the transaction on hold until the trusted contact confirms its safe.
Then, they can scan the code with the Monzo app to confirm large transactions.
Founded in 2015, Monzos mobile-only banking services quickly gained popularity and thestartupachieved unicorn status in 2018.
The company navigated financial challenges and significant lossesduring 2020-2021but ultimately rebounded.
Monzo said it became profitable in 2023 and now counts a total of nine million users in the UK.
In March, itraised 340mnin new funding, reaching a post-money valuation of 4bn.
It reportedly securedan additional 190mnin May.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
