Monzo Bank Competitors and Similar CompaniesClear all

Monzo Bank's competitors and similar companies include Monese and Atom Bank.

	Monzo Bank Monzo Bank (formerly known as Mondo) is a company that provides digital banking products and services.	Monese Monese is a company that develops a mobile app enabling users to manage their money online.	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 2014
Type	Type Subsidiary	Type Private	Type Private
Tags	Tags Financial Services accounting insurance investment management mortgages	Tags Financial Services fintech mobile app money transfer payments	Tags Financial Services banks fintech mobile app mortgages
Locations	Locations London, GB HQ	Locations London, GB HQ Tallinn, EE	Locations Durham, GB HQ
Employees	Employees 3,8133% increase	Employees 1535% decrease	Employees 535
Financial
Revenue (est.)	Revenue (est.) £355.6m (FY, 2023)	Revenue (est.) £10.3m (FY, 2019)	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 £31.8m (FY, 2021)
Gross profit	Gross profit £214.5m (FY, 2023)	Gross profit (£3.7m) (FY, 2019)	Gross profit £10.5m (FY, 2021)
Net income	Net income (£116.3m) (FY, 2023)	Net income £37.5m (FY, 2019)	Net income (£62.3m) (FY, 2021)
Operating ⚠
Deposits from Customers	Deposits from Customers £5.9b (FY, 2023)	Deposits from Customers N/A	Deposits from Customers £2.2b (FY, 2021)
Users	Users N/A	Users 2 m (Jun, 2021)	Users 14 k (Mar, 2017)
Funding
Latest funding round	Latest funding round N/A	Latest funding round $ 90m (almost 5 years ago)	Latest funding round $ 12.1m (almost 7 years ago)
Total funding raised	Total funding raised $ 1.5b	Total funding raised $ 171m	Total funding raised $ 640m