Monzo
Monzo Logo

Monzo

Online banking made easy.

About

Founded

2015

Headquarters

London, England, United Kingdom

Industry

Fintech, Banking

Company Description

At Monzo, we’re building a new kind of bank. One that lives on your smartphone and built for the way you live today. By solving your problems, treating you fairly and being totally transparent, we believe we can make banking better.

Quick Links

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Funding

Total Raised

$1.1 billion

Valuation

$4.5 billion

Significant Investors

Y Combinator, Coatue, Goodwater Capital, Accel, General Catalyst, Latitude, Stripe, Passion Capital, Orange Ventures, Thrive Capital

Company Traction

  • In 2020, Monzo ended the year with 77,000 business accounts.
  • As of June 2022, Monzo had 430,000 Monzo Plus, Monzo Premium, and Monzo Business customers.
  • In 2021, Monzo’s deposit base grew 124% from 1.4 billion euros to 3.1 billion euros. 
  • As of 2022, Monzo’s deposit base grew to 4.4 billion euros.
  • As of December 2021, Monzo has over 5 million UK customers.
  • In Monzo’s 2022 Annual Report, they reported 100,000+ people open a Monzo account monthly, and 90% joined through word of mouth.
  • As of May 2023, Monzo has over 7 million users.

Leadership Team

  • TS Anil: CEO of Monzo. Former Global Head, Payment Products & Platform at Visa.
  • Sujata Bhatia: COO at Monzo. Former SVP & GM Head of Europe, Global Merchant Services at American Express.
  • Iain Laing: Chief Risk Officer at Monzo. Former Chief Risk Officer at heylo.  

Press

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