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.

HQGreater London, GB
Employee Ratings3.6

Latest Updates

Employees (est.) (Sept 2020)1,019(-2%)
Job Openings21
Revenue (FY, 2019)£15.8 M(+498%)
Cybersecurity ratingBMore

Key People/Management at Monzo Bank

Tom Blomfield

Tom Blomfield

TS Anil

TS Anil

Sujata Bhatia

Sujata Bhatia

Jonas Huckestein

Jonas Huckestein

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Monzo Bank Office Locations

Monzo Bank has an office in Greater London
Greater London, GB (HQ)
38 Finsbury Square
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Monzo Bank Financials and Metrics

Summary Metrics

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.
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Monzo Bank Revenue

Monzo Bank's revenue was reported to be £15.82 m in FY, 2019

Revenue (FY, 2019)


Net income (FY, 2019)


Market valuation


Cash (28-Feb-2019)



GBPFY, 2017FY, 2018FY, 2019



Depreciation and amortization

Pre tax profit

GBPFY, 2017FY, 2018FY, 2019



Accounts Receivable


Current Assets



GBPFY, 2017



Financial Leverage

1.1 x
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Monzo Bank Operating Metrics

Monzo Bank's Users was reported to be 4 m in Jun, 2020.
Feb, 2016Mar, 2016Aug, 2016Y, 2016Jan, 2017Apr, 2017May, 2017Nov, 2017Apr, 2018Oct, 2018Feb, 2019Jun, 2019Sep, 2019Nov, 2019Jun, 2020


30 k83.70 k100 k150 k200 k470 k568 k1 m1.50 m1.90 m3 m3.30 m4 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
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Monzo Bank Cybersecurity Score

Cybersecurity ratingPremium dataset



SecurityScorecard logo

Monzo Bank Online and Social Media Presence

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Monzo Bank News and Updates

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.

Monzo hits two million account milestone

UK challenger bank Monzo has broken through the two million customer mark, with customer sign-ups co...

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. …

Monzo inks new deal with Jumio

Jumio today announced a new multi-year agreement with Monzo, further strengthening a long-standing p...

Monzo adds emoji icons to P2P payments

Monzo-to-Monzo payments make it easy for you to pay other people.

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...
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Monzo Bank Blogs

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…

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…

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…

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…

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…

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…
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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.