OverviewSuggest Edit
Monzo Bank (formerly Mondo) is a company developing digital mobile-only bank and providing investment banking services. It enables users to receive push notifications about payments in real-time to phones running the apps and view historical transactions. Monzo also offers to categorize transactions, freeze a card, mark company expenses, and overview of spending habits.
| Type | Private | |
| Founded | 2015 | |
| HQ | Greater London, GB | Map |
| Website | monzo.com | |
| Employee Ratings | More |
Key People/Management at Monzo Bank
Tom Blomfield
President
TS Anil
CEO
Sujata Bhatia
COO
Jonas Huckestein
Co-Founder
Monzo Bank Office Locations
Monzo Bank has an office in Greater London
Greater London, GB (HQ)
38 Finsbury Square
Monzo Bank Financials and Metrics
Summary Metrics
Founding Date | 2015 |
Monzo Bank total Funding | $493 m |
Monzo Bank latest funding size | $75.27 m |
Time since last funding | 3 months ago |
Monzo Bank investors | Y Combinator, Accel Partners, Thrive Capital, General Catalyst, Jeremy Yap, Passion Capital, Accel, Goodwater Capital, Stripe, Klaus Nyengaard, Crowdcube, Orange, Orange Digital Ventures, Matteo Gamba, Crankstart Foundation, Chris Haslam, Future Fifty, Upscale, Marcos Vercelli-Forster, Aranit Cenalla, Latitude, Nicolas Dupuis, Goodwater, Thrive, Reference Capital, Vanderbilt University |
Monzo Bank's latest funding round in June 2020 was reported to be $75.3 m. In total, Monzo Bank has raised $493 m. Monzo Bank's latest valuation is reported to be £1.2 b.
Monzo Bank Revenue
Monzo Bank's revenue was reported to be £15.82 m in FY, 2019
| GBP | |
|---|---|
Revenue (FY, 2019) | 15.8m |
Net income (FY, 2019) | (47.2m) |
Market valuation | 1.2b |
Cash (28-Feb-2019) | 549.8m |
EV | 690.2m |
- Source: TechCrunch - June 2020
| GBP | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|
Revenue | 120.0k | 2.6m | 15.8m |
Depreciation and amortization | |||
Pre tax profit | (7.9m) | (33.1m) | (50.7m) |
| GBP | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|
Cash | 14.9m | 96.9m | 549.8m |
Accounts Receivable | 160.0k | 16.1m | |
Current Assets | 19.3m | 139.0m | 612.1m |
PP&E | 178.0k | 823.0k | 2.3m |
| GBP | FY, 2017 |
|---|---|
Revenue/Employee | 1.5k |
Financial Leverage | 1.1 x |
Monzo Bank Operating Metrics
Monzo Bank's Users was reported to be 4 m in Jun, 2020.
| Feb, 2016 | Mar, 2016 | Aug, 2016 | Y, 2016 | Jan, 2017 | Apr, 2017 | May, 2017 | Nov, 2017 | Apr, 2018 | Oct, 2018 | Feb, 2019 | Jun, 2019 | Sep, 2019 | Nov, 2019 | Jun, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Users | 30 k | 83.70 k | 100 k | 150 k | 200 k | 470 k | 568 k | 1 m | 1.50 m | 1.90 m | 3 m | 3.30 m | 4 m | ||
Average Daily Spend | £17.26 | £12 | |||||||||||||
Average Monthly Spend | £535 | £440 | |||||||||||||
Total Spend | £1 m | £20 m | £86.20 m | £100 m | £250 m | £800 m | £18.02 b |
Monzo Bank Cybersecurity Score
Monzo Bank Online and Social Media Presence
122.75k Twitter followers
Monzo Bank has 122.75k Twitter Followers. The number of followers has increased 0.9% month over month and increased 5.1% quarter over quarter
Monzo Bank's Trends
Twitter Engagement Stats for @monzo
96k
Tweets
681
Following
122.8k
Followers
914
Tweets last 30 days
6.9
Avg. likes per Tweet
35.4%
Tweets with engagement
Monzo Bank News and Updates
May 21, 2019
Lloyds Bank Announces Edinburgh Tech Hub Amid Competition From Monzo And Revolut
The 254-year-old Lloyds Banking Group is trying to keep up with the new kids on the block.
May 20, 2019
Monzo hits two million account milestone
UK challenger bank Monzo has broken through the two million customer mark, with customer sign-ups co...
May 08, 2019
How Monzo plans to save you money on your energy bills
Monzo customers will be able to use their apps to get a better deal on their electricity and gas, the company announced today. The challenger bank has teamed up with challenger energy suppliers Ovo and Octopus in a bid to lure more customers away from standard tariffs and the Big Six suppliers. …
May 02, 2019
Monzo inks new deal with Jumio
Jumio today announced a new multi-year agreement with Monzo, further strengthening a long-standing p...
April 16, 2019
Monzo adds emoji icons to P2P payments
Monzo-to-Monzo payments make it easy for you to pay other people.
April 12, 2019
Halifax rebrand slammed for copying Monzo and Starling
Days after Halifax's attempt at a rebrand to compete with digital upstarts such as Monzo and Starlin...
Monzo Bank Blogs
June 06, 2019
Are you paying too much for your energy? Here’s how to find out.
If you haven’t renewed your contract with your existing energy supplier or switched to a new one in the last few years, you could be paying more than you need to for your energy.
According to the energy regulator Ofgem, more than half of people in the UK are on expensive ‘standard variable’ t…
June 06, 2019
Are pyramid schemes legal in the UK?
Pyramid schemes are an old-fashioned scam, and different versions have existed for decades. But, as the UK’s fraud reporting centre Action Fraud has noticed, we’re seeing more and more new ones surfacing on social media, designed to target younger people.
Pyramid schemes are illegal, and people…
June 05, 2019
Can I get a Monzo account if I already have a bank account?
A lot of people seem to think you can only have one account at a time. But you can actually have multiple current accounts with various banks if you want to.
So you can open a Monzo account alongside any other accounts you already have!
Having more than one bank account shouldn’t affect your cre…
June 05, 2019
My bank says I need to move my money into a 'safe account' – should I?
Someone’s contacted you claiming to be from your bank. They’ve said there’s a serious security issue with your account. So to protect your money, you need to move it all to a ‘safe account’ by making a bank transfer immediately.
They give you the account details and tell you you need to a…
June 04, 2019
Save £667.95 a year with the Reverse 1p Saving Challenge
The 1p Saving Challenge involves saving a little bit of money, every single day.
It usually starts by setting aside 1p. Then next day you save 2p, the day after 3p, and so on. After a year, you’d be setting aside £3.65 on the final day and have a total of £667.95 in savings. The idea is that ov…
June 04, 2019
Are your friends' weddings costing you a fortune? Here's how to cut the costs
Planning a dream wedding can be expensive. But the happy couple might not be the only ones stretching their budgets to the breaking point. From extravagant hen parties to weddings in far-flung locations abroad, some people say they’re even getting themselves into debt to attend their friends’ we…
Monzo Bank Frequently Asked Questions
When was Monzo Bank founded?
Monzo Bank was founded in 2015.
Who are Monzo Bank key executives?
Monzo Bank's key executives are Tom Blomfield, TS Anil and Sujata Bhatia.
How many employees does Monzo Bank have?
Monzo Bank has 1,019 employees.
What is Monzo Bank revenue?
Latest Monzo Bank annual revenue is £15.8 m.
What is Monzo Bank revenue per employee?
Latest Monzo Bank revenue per employee is £15.5 k.
Who are Monzo Bank competitors?
Competitors of Monzo Bank include Qonto, Revolut and N26.
Where is Monzo Bank headquarters?
Monzo Bank headquarters is located at 38 Finsbury Square, Greater London.
Where are Monzo Bank offices?
Monzo Bank has an office in Greater London.
How many offices does Monzo Bank have?
Monzo Bank has 1 office.
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