Monzo Bank Competitors and Similar CompaniesClear all
Monzo Bank's competitors and similar companies include Monese and Tandem.
 Monzo Bank Monzo Bank (formerly known as Mondo) is a company that provides digital banking products and services. |  Tandem Tandem is a provider of mobile retail banking services designed to optimize customers' relationship with banks.
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Founding Date | Founding Date 2015 | Founding Date 2015 | Founding Date 2013 |
Type | Type Subsidiary | Type Private | Type Private |
Tags | |||
Locations | Locations London, GB HQ | Locations London, GB HQ Tallinn, EE | Locations London, GB HQ London, GB |
Employees | Employees 3,8133% increase | Employees 1535% decrease | Employees 4021% increase |
Financial | |||
Revenue (est.) | Revenue (est.) £355.6m (FY, 2023) | Revenue (est.) £10.3m (FY, 2019) | Revenue (est.) £21.2m (FY, 2018) |
Cost of goods | Cost of goods £141.1m (FY, 2023) | Cost of goods £14m (FY, 2019) | Cost of goods N/A |
Gross profit | Gross profit £214.5m (FY, 2023) | Gross profit (£3.7m) (FY, 2019) | Gross profit N/A |
Net income | Net income (£116.3m) (FY, 2023) | Net income £37.5m (FY, 2019) | Net income (£26.6m) (FY, 2018) |
Operating ⚠ | |||
Customers | Customers 7.4 m (FY, 2023) | Customers N/A | Customers 800 k (Mar, 2020) |
Funding | |||
Latest funding round | Latest funding round N/A | Latest funding round $ 90m (almost 5 years ago) | Latest funding round $ 78m (over 6 years ago) |
Total funding raised | Total funding raised $ 1.5b | Total funding raised $ 171m | Total funding raised $ 174.4m |
For sources of this data, please see the company profile
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Monese
HQ
London, GB
Employees
153↓ 5% decrease
Monese is a company that develops a mobile app enabling users to manage their money online.
View companyTandem
HQ
London, GB
Employees
402↑ 1% increase
Tandem is a provider of mobile retail banking services designed to optimize customers' relationship with banks.
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