Location
Headquarters: London, England, United Kingdom, Europe
Region: England
Country: GB
Continent: Europe
About
Monzo is a UK-based digital bank known for its mobile-first approach to personal and business banking. It offers free current accounts, savings pots, and a range of financial products including investments, pensions, loans, and home insurance, with additional features like budgeting tools, instant notifications, and fraud protection. The company emphasizes user-friendly money management and transparency, operating primarily in the United Kingdom with services including joint accounts and business banking. Monzo markets itself as a modern, accessible way to manage money on the go and across different money-related needs.
Monzo is a UK-based digital bank that provides mobile-first personal and business banking services. It offers free current accounts, savings, loans, and investment products alongside budgeting tools and fraud protection. The company serves individual consumers and small businesses seeking transparent money management solutions.
Monzo Bank Limited
2015
for_profit
active
Industries
Primary Industry: Finance
Categories
Funding & Financials
secondary_market
1600000000
200m-1b
private
Investors
Founders
Gary Dolman
Jason Bates
Jonas Huckestein
Paul Rippon
Tom Blomfield
Leadership
Technology Stack
Products
Monzo Current Account: A UK-regulated personal current account with features for managing spending, budgeting, and bill payments via a mobile app.
Savings Pots: Interest-bearing savings accounts that let users separate money for saving or bills with flexible access.
Instant Access Cash ISA: A tax-free savings account offering variable interest with instant access to funds.
Investment Options: A service allowing users to invest small amounts in selected portfolios managed by experts.
Roundup Savings Feature: Automatically rounds up card payments to the nearest pound and saves the spare change in a designated savings Pot.
Bill Management with Pots: Allows users to set up Direct Debits and standing orders from dedicated Pots to manage bills and receive alerts on changes.
Funding rounds
LATE_VC · 190000000 · (2024-05-01T00:00:00)
LATE_VC · 448800000 · (2024-03-01T00:00:00)
LATE_VC · 100000000 · (2021-12-01T00:00:00)
LATE_VC · 500000000 · (2021-12-01T00:00:00) · Lead: Coatue Management
SERIES_H · 66000000 · (2021-02-01T00:00:00)
SERIES_G · 79200000 · (2020-12-01T00:00:00)
SERIES_G · 85800000 · (2020-06-01T00:00:00) · Lead: General Catalyst
SERIES_F · 149160000 · (2019-06-01T00:00:00) · Lead: General Catalyst
LATE_VC · 26310000 · (2018-12-01T00:00:00)
SERIES_E · 112200000 · (2018-10-01T00:00:00) · Lead: General Catalyst
LATE_VC · 1160000 · (2017-12-01T00:00:00)
SERIES_D · 79200000 · (2017-11-01T00:00:00)
SECONDARY · 14520000 · (2017-11-01T00:00:00)
SERIES_B · 25190000 · (2017-07-01T00:00:00)
LATE_VC · 3160000 · (2017-03-01T00:00:00)
SERIES_C · 25740000 · (2017-02-01T00:00:00)
SERIES_B · 6340000 · (2016-10-01T00:00:00)
SERIES_A · 1310000 · (2016-03-01T00:00:00)
SERIES_A · 6600000 · (2016-02-01T00:00:00)
SEED · 2640000 · (2015-07-01T00:00:00)
