Monzo Bank stock price, funding rounds, valuation and financials

Monzo Bank has raised $641.93 m in total funding. Monzo Bank valuation is £1.2 b, and annual revenue was £67.18 m in FY 2020

£1.2 B

Monzo Bank Mkt valuation

£67.2 M

Monzo Bank Revenue FY, 2020
Monzo Bank Revenue growth (FY, 2019 - FY, 2020), %241%
Monzo Bank Gross profit (FY, 2020)35.7 M
Monzo Bank Gross profit margin (FY, 2020), %53.1%
Monzo Bank Net income (FY, 2020)-113.8 M
Monzo Bank Cash, 29-Feb-20201.4 B
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Monzo Bank Revenue

Monzo Bank revenue was £67.18 m in FY, 2020 which is a 241% year over year increase from the previous period.

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Monzo Bank Funding

Summary Metrics

Founding Date

2015

Monzo Bank total Funding

$641.9 m

Monzo Bank latest funding size

$68.65 m

Time since last funding

6 months ago

Monzo Bank investors

Monzo Bank's latest funding round in February 2021 was reported to be $68.7 m. In total, Monzo Bank has raised $641.9 m. Monzo Bank's latest valuation is reported to be £1.2 b.

Monzo Bank Revenue Breakdown

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Monzo Bank revenue breakdown by business segment: 37.2% from Interest income, 59.7% from Fee and commission income and 3.1% from Other

Monzo Bank Income Statement

Annual

GBPFY, 2018FY, 2019FY, 2020

Revenue

2.7m19.7m67.2m

Revenue growth, %

(86%)641%241%

Cost of goods sold

846.0k10.5m31.5m

Gross profit

1.8m9.2m35.7m

Gross profit Margin, %

68%46%53%

General and administrative expense

9.2m25.7m77.5m

Operating expense total

34.9m59.9m151.1m

Depreciation and amortization

250.0k799.0k3.2m

Pre tax profit

(33.1m)(50.7m)(115.5m)

Income tax expense

(2.5m)(3.5m)(1.7m)

Net Income

(30.5m)(47.2m)(113.8m)

Monzo Bank Balance Sheet

Annual

GBPFY, 2018FY, 2019FY, 2020

Cash

96.9m549.8m1.4b

Accounts Receivable

160.0k16.1m123.9m

PP&E

823.0k2.3m21.3m

Total Assets

139.8m614.4m1.7b

Accounts Payable

71.3m461.8m1.4b

Total Liabilities

83.6m498.7m1.6b

Additional Paid-in Capital

94.0m198.1m311.1m

Retained Earnings

(38.7m)(85.6m)(199.4m)

Total Equity

56.2m115.7m129.0m

Financial Leverage

2.5 x5.3 x13.3 x

Monzo Bank Cash Flow

Annual

GBPFY, 2018FY, 2019FY, 2020

Net Income

(30.5m)(47.2m)(113.8m)

Depreciation and Amortization

241.0k799.0k3.2m

Cash From Operating Activities

15.6m351.2m814.7m

Purchases of PP&E

(886.0k)(2.5m)(3.3m)

Cash From Investing Activities

(886.0k)(2.4m)(101.9m)

Long-term Borrowings

(1.7m)

Cash From Financing Activities

67.4m104.2m111.1m

Net Change in Cash

82.1m452.9m823.9m

Monzo Bank Ratios

GBPFY, 2018

Revenue/Employee

20.4k

Financial Leverage

2.5 x

Monzo Bank Operating Metrics

Monzo Bank's Users was reported to be 5 m in Feb, 2021.
Feb, 2016Mar, 2016Aug, 2016Y, 2016Jan, 2017Apr, 2017May, 2017Nov, 2017FY, 2018Apr, 2018Aug, 2018Oct, 2018Feb, 2019FY, 2019Jun, 2019Sep, 2019Nov, 2019FY, 2020Jun, 2020Feb, 2021

Users

30 k83.7 k100 k150 k200 k470 k1.6 m568 k1 m1.5 m1.6 m1.9 m3 m3.3 m3.9 m4 m5 m

Average Daily Spend

£17.26£12

Average Monthly Spend

£535£440

Customers (Monzo Business)

36 k

Deposits from Customers

£71.3 m£461.8 m£1.39 b

New Customers per Week

18 k55 k

Signups To Date

25 k

Total Spend

£1 m£20 m£86.2 m£100 m£250 m£800 m£18.02 b

Monzo Bank Human Capital

Gender

FY, 2020Y, 2018Y, 2017
Female (Board), percent12.3%13.2%
Male, percent21.3%24.8%65.2%
Female, percent18.6%21.1%33.2%
Male (Board), percent28.6%39.5%
Other0.7%1.5%1.6%

Ethnicity

FY, 2020Y, 2018Y, 2017
White, percent84.7%80.6%77.7%
Asian, percent7.7%5.1%8.4%
Other7.6%3.9%2.6%
Other Ethnicity, percent10.4%11.3%

Monzo Bank Employee Rating

3.5281 votes
Culture & Values
3.6
Work/Life Balance
3.2
Senior Management
3
Salary & Benefits
3.3
Career Opportunities
3.5
Source