Monzo Bank Competitors and Similar CompaniesClear all

Monzo Bank's competitors and similar companies include Revolut and Tandem.

	Monzo Bank Monzo Bank (formerly known as Mondo) is a company that provides digital banking products and services.	Revolut Revolut is a fintech company that provides banking solutions for individuals and businesses.	Tandem Tandem is a provider of mobile retail banking services designed to optimize customers' relationship with banks.
Founding Date	Founding Date 2015	Founding Date 2015	Founding Date 2013
Type	Type Subsidiary	Type Private	Type Private
Tags	Tags Financial Services accounting insurance investment management mortgages	Tags Technology cryptocurrency exchange fintech mobile app payments	Tags Financial Services application software banks commercial banks fintech
Locations	Locations London, GB HQ	Locations London, GB HQ Melbourne, AU Sydney, AU Sao Paulo, BR Paris, FR Berlin, DE Bengaluru, IN see more	Locations London, GB HQ London, GB
Employees	Employees 3,8133% increase	Employees 18,6772% increase	Employees 4021% increase
Valuation ($)	Valuation ($) N/A	Valuation ($) 33 b	Valuation ($) 93.9 m
Financial
Revenue (est.)	Revenue (est.) £355.6m (FY, 2023)	Revenue (est.) £636.2m (FY, 2021)	Revenue (est.) £21.2m (FY, 2018)
Cost of goods	Cost of goods £141.1m (FY, 2023)	Cost of goods £196m (FY, 2021)	Cost of goods N/A
Gross profit	Gross profit £214.5m (FY, 2023)	Gross profit £440.2m (FY, 2021)	Gross profit N/A
Net income	Net income (£116.3m) (FY, 2023)	Net income £26.3m (FY, 2021)	Net income (£26.6m) (FY, 2018)
Operating ⚠
Customers	Customers 7.4 m (FY, 2023)	Customers 30 m (Aug, 2023)	Customers 800 k (Mar, 2020)
Funding
Latest funding round	Latest funding round N/A	Latest funding round $ 800m (almost 5 years ago)	Latest funding round $ 78m (over 6 years ago)
Total funding raised	Total funding raised $ 1.5b	Total funding raised $ 1.7b	Total funding raised $ 174.4m