Monzo Bank Monzo Bank (formerly known as Mondo) is a company that provides digital banking products and services. | |||
Founding Date | Founding Date 2015 | Founding Date 2015 | Founding Date 2015 |
Type | Type Subsidiary | Type Private | Type Private |
Tags | |||
Locations | Locations London, GB HQ | Locations London, GB HQ Tallinn, EE | |
Employees | Employees 3,8133% increase | Employees 1535% decrease | Employees 18,6772% increase |
Financial | |||
Revenue (est.) | Revenue (est.) £355.6m (FY, 2023) | Revenue (est.) £10.3m (FY, 2019) | Revenue (est.) £636.2m (FY, 2021) |
Cost of goods | Cost of goods £141.1m (FY, 2023) | Cost of goods £14m (FY, 2019) | Cost of goods £196m (FY, 2021) |
Gross profit | Gross profit £214.5m (FY, 2023) | Gross profit (£3.7m) (FY, 2019) | Gross profit £440.2m (FY, 2021) |
Net income | Net income (£116.3m) (FY, 2023) | Net income £37.5m (FY, 2019) | Net income £26.3m (FY, 2021) |
Operating ⚠ | |||
Customers | Customers 7.4 m (FY, 2023) | Customers N/A | Customers 30 m (Aug, 2023) |
Funding | |||
Latest funding round | Latest funding round N/A | Latest funding round $ 90m (over 4 years ago) | Latest funding round $ 800m (almost 5 years ago) |
Total funding raised | Total funding raised $ 1.5b | Total funding raised $ 171m | Total funding raised $ 1.7b |

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