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.

TypePrivate
Founded2015
HQGreater London, GB
Websitemonzo.com
Employee Ratings4.2

Latest Updates

Employees (est.) (Sep 2019)786(+8%)

Key People/Management at Monzo Bank

Tom Blomfield

Tom Blomfield

CEO
Tom Foster-Carter

Tom Foster-Carter

COO
Jason Bates

Jason Bates

Co-Founder
Jonas Huckestein

Jonas Huckestein

Co-Founder
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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 2019 was reported to be $143.7 m. In total, Monzo Bank has raised $417.7 m. Monzo Bank's latest valuation is reported to be £2 b.
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Monzo Bank Revenue

Market valuation

2.0b
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Monzo Bank Operating Metrics

Monzo Bank's Users was reported to be 3 m in Sep, 2019.
Feb, 2016Mar, 2016Aug, 2016Y, 2016Jan, 2017Apr, 2017May, 2017Nov, 2017Apr, 2018Oct, 2018Feb, 2019Jun, 2019Sep, 2019

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

Users

30 k83.70 k100 k150 k200 k470 k568 k1 m1.50 m1.90 m3 m
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Monzo Bank Online and Social Media Presence

Embed Graph

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

How to open a bank account in the UK (even if you don’t have proof of address)

When you try to open a current account, most banks will ask you for proof of address. That’s often a utility bill (for your phone, water, council tax or electricity, for example). But if you’ve just moved to the UK, it’s likely you won’t have any of these documents yet. Hell, you might not …

Why you should make Monzo your main bank, according to people who have

We could try and convince you to go #FullMonzo but it wouldn’t feel right. It’s better coming from someone else, isn’t it. Here’s a few reasons to take the plunge, as told by those who have. 1. It’s super simple to do After having played with @monzo for a bit I’ve now taken the plun…

Do the 1p Savings Challenge monthly and save £667.95 a year

The 1p Savings Challenge usually involves saving a little bit of money, every single day. Normally, it starts by setting aside 1p. Then next day you save 2p, the day after 3p, and so on. But rather than saving every single day, we’ve seen lots of people in our 1p Savings Challenge community takin…

Should I start investing my money?

Investing is often seen as an activity only for the uber-wealthy. Or for experts who spend their days poring over the FT, looking for the next hot stock to buy and sell. But investing has changed a lot in recent years. Thanks to technology, you can start investing with as little as £1 via apps lik…

What is interest? Explained in the 1,000 most-used words

Interest is money that you get when you put money in the bank. And it’s also money that banks make you pay when you use someone else’s money. When you put money in the bank, your bank doesn’t leave it lying there. The bank gives it to other people, so they can buy stuff they need, like houses…

Save £150.55 a year with the Save the Date Challenge

The Save the Date Challenge is a way to save little and often. It works by taking the date every day, adding up the day, month and year, then setting aside the total amount in pennies. For example, on the 1st of June 2019, you’d set aside 26p (01 + 06 + 19 = 26). Or on the 14th November 2019, y…
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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, Tom Foster-Carter and Jason Bates.

  • How many employees does Monzo Bank have?

    Monzo Bank has 786 employees.

  • Who are Monzo Bank competitors?

    Competitors of Monzo Bank include N26, Tandem and Starling Bank.

  • 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.