Monzo hires former Cash App exec Conor Walsh to lead renewed US expansion push

UK challenger bank Monzo hires Conor Walsh, former head of global product at Square’s Cash App, as its new US CEO to pursue its American expansion.

Facts

• Monzo appointed Conor Walsh as the new US CEO to lead the bank’s American strategy, product development, and growth.
• Monzo has been preparing for its US expansion for years, with previous attempts and changes in leadership.
• The bank initially applied for a US banking license in April 2020 and made leadership changes, including TS Anil and Carol Nelson.
• In October 2021, Monzo temporarily withdrew its US license application amid financial challenges in the UK.
• Monzo returns to its US expansion plans with the hiring of Conor Walsh, who previously worked at Cash App and Verse.