Monese, a UK-based fintech company, has closed its AltFi news division after a decade of operation, resulting in layoffs for the entire AltFi team. The closure, announced by the company, was driven by severe financial headwinds over the past 18 months, despite strong journalism and brand loyalty. AltFi had been a trusted source covering the fintech industry's growth, including challenger banks and startups. The shutdown reflects broader challenges in the media and fintech sectors, impacting staff who contributed to the platform's community and coverage.
