Monzo Bank Competitors and Similar CompaniesClear all
Monzo Bank's competitors and similar companies include Monese, Revolut, Tandem 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.
|  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 |
Type | 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 Durham, GB HQ | |
Employees | Employees 3,3252% increase | Employees 1764% decrease | Employees 16,1721% increase | Employees 404 | Employees 5311% increase |
Valuation ($) | Valuation ($) 4.5 b | Valuation ($) N/A | Valuation ($) 33 b | Valuation ($) 93.9 m | Valuation ($) 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.) £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 £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 £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 (£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 |
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 £2.2b (FY, 2021) |
Users | Users N/A | Users 2 m (Jun, 2021) | Users N/A | Users N/A | Users 14 k (Mar, 2017) |
Funding | |||||
Latest funding round | Latest funding round $ 475m (about 3 years ago) | Latest funding round $ 90m (over 3 years ago) | Latest funding round $ 800m (over 3 years ago) | Latest funding round $ 78m (almost 5 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 $ 640m |
For sources of this data, please see the company profile
View Company Profiles
Monese
HQ
London, GB
Employees
176↓ 4% decrease
Monese is a company that develops a mobile app enabling users to manage their money online.
View company
Revolut
HQ
London, GB
Employees
16,172↑ 1% increase
Revolut is a financial technology company that provides online banking services.
View companyTandem
HQ
London, GB
Employees
404
Tandem is a provider of mobile retail banking services designed to optimize customers' relationship with banks.
View companyAtom Bank
HQ
Durham, GB
Employees
531↑ 1% increase
Atom Bank is a digital financial company that provides banking services through a smartphone app.
View company