Monzo Bank Competitors and Similar CompaniesClear all
Monzo Bank's competitors and similar companies include Monese, Revolut, Tandem, Starling Bank and Atom Bank.
 Monzo Bank Monzo Bank (formerly known as Mondo) is a company that provides digital banking solutions for personal and businesses. |  Tandem Tandem is a provider of mobile retail banking services designed to optimize customers' relationship with banks.
|  Starling Bank Starling is a company operating as a bank that offers various account types such as personal, business, joint, euro, as well as child and teen accounts. |  Atom Bank Atom Bank is a digital financial company that provides banking services through a smartphone app. | |||
Founding Date | Founding Date 2015 | Founding Date 2015 | Founding Date 2015 | Founding Date 2013 | Founding Date 2014 | Founding Date 2014 |
Type | Type Private | Type Private | Type Private | Type Private | Type Private | Type Private |
Tags | ||||||
Locations | Locations London, GB HQ | Locations London, GB HQ Tallinn, EE | Locations London, GB HQ London, GB | Locations London, GB HQ Cardiff, GB Southampton, GB | Locations Durham, GB HQ | |
Employees | Employees 3,2691% increase | Employees 1841% increase | Employees 15,5503% increase | Employees 3981% increase | Employees 2,6041% increase | Employees 5342% increase |
Valuation ($) | Valuation ($) 4.5 b | Valuation ($) N/A | Valuation ($) 33 b | Valuation ($) 93.9 m | Valuation ($) 1.5 b | Valuation ($) 1.3 b |
Financial | ||||||
Revenue (est.) | Revenue (est.) £355.6m (FY, 2023) | Revenue (est.) £10.3m (FY, 2019) | Revenue (est.) £636.2m (FY, 2021) | Revenue (est.) £21.2m (FY, 2018) | Revenue (est.) £188.1m (FY, 2022) | Revenue (est.) £42.3m (FY, 2021) |
Cost of goods | Cost of goods £141.1m (FY, 2023) | Cost of goods £14m (FY, 2019) | Cost of goods £196m (FY, 2021) | Cost of goods N/A | Cost of goods N/A | Cost of goods £31.8m (FY, 2021) |
Gross profit | Gross profit £214.5m (FY, 2023) | Gross profit (£3.7m) (FY, 2019) | Gross profit £440.2m (FY, 2021) | Gross profit N/A | Gross profit N/A | Gross profit £10.5m (FY, 2021) |
Net income | Net income (£116.3m) (FY, 2023) | Net income £37.5m (FY, 2019) | Net income £26.3m (FY, 2021) | Net income (£26.6m) (FY, 2018) | Net income £44.9m (FY, 2022) | Net income (£62.3m) (FY, 2021) |
Operating ⚠ | ||||||
Customers | Customers 7.4 m (FY, 2023) | Customers N/A | Customers 30 m (Aug, 2023) | Customers 800 k (Mar, 2020) | Customers N/A | Customers N/A |
Deposits from Customers | Deposits from Customers £5.9b (FY, 2023) | Deposits from Customers N/A | Deposits from Customers N/A | Deposits from Customers N/A | Deposits from Customers N/A | Deposits from Customers £2.2b (FY, 2021) |
Trademarks | Trademarks N/A | Trademarks N/A | Trademarks 6 (Aug, 2023) | Trademarks N/A | Trademarks 19 (May, 2023) | Trademarks N/A |
Users | Users N/A | Users 2 m (Jun, 2021) | Users N/A | Users N/A | Users N/A | Users 14 k (Mar, 2017) |
Funding | ||||||
Latest funding round | Latest funding round $ 475m (almost 3 years ago) | Latest funding round $ 90m (about 3 years ago) | Latest funding round $ 800m (over 3 years ago) | Latest funding round $ 78m (over 4 years ago) | Latest funding round $ 69.2m (over 3 years ago) | Latest funding round $ 12.1m (over 5 years ago) |
Total funding raised | Total funding raised $ 1.5b | Total funding raised $ 171m | Total funding raised $ 1.7b | Total funding raised $ 174.4m | Total funding raised $ 922.7m | Total funding raised $ 640m |
For sources of this data, please see the company profile
View Company Profiles
Monese
HQ
London, GB
Employees
184↑ 1% increase
Monese is a company that develops a mobile app enabling users to manage their money online.
View company
Revolut
HQ
London, GB
Employees
15,550↑ 3% increase
Revolut is a financial technology company that provides online banking services.
View companyTandem
HQ
London, GB
Employees
398↑ 1% increase
Tandem is a provider of mobile retail banking services designed to optimize customers' relationship with banks.
View companyStarling Bank
HQ
London, GB
Employees
2,604↑ 1% increase
Starling is a company operating as a bank that offers various account types such as personal, business, joint, euro, as well as child and teen accounts.
View company