Monzo

Time is money. Make the most out of both with Monzo. Your new favourite bank.

Founded 2015

London, United Kingdom 5672 employees Total: $1.63B Financial Services, Fintech +2

General Information

Company Name Monzo

Founded Year 2015

Location

London, United Kingdom

Employees 5672

Industries Financial Services, Fintech, Banking +1

Business Model B2C, Freemium, Subscription Box

Revenue Model Subscription, Service Fee, Commission

Offices as of Oct 2026

London, United Kingdom

Social

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United Kingdom Market

Market Signals All Companies

Financial Services

Industry Signals All Companies in United Kingdom

Monzo Alternatives

All Signals Trend Reports

Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Pricing Changed Nov 07, 2026

Monzo increased the Select Access savings interest rate from 3.65% AER (variable) to 3.70% AER (variable).

Market Expansion Nov 06, 2026

Monzo announced its expansion into Spain, showcasing its new local team.

Event Participation Nov 05, 2026

Monzo sponsored a float at Madrid Pride in Spain.

New Partnership Nov 02, 2026

Monzo announced a partnership with Black Tech Fest (BTF®) 2026, bringing together tech professionals and leaders.

In The News Oct 17, 2026

Featured on BigGo Finance: Monzo's AI Builders Say Trust, Not Speed, Is the Real Bottleneck in Financial Ag...

Raising Funds Oct 17, 2026

Monzo is actively looking to sell a stake to potential investors, including CVC and Advent.

Monzo a competitor of yours? Have our desk watch it

AI Insight

Bounce Watch AI

2 weeks ago

Monzo recently experienced the collapse of a potential £10bn acquisition by Nubank, leading to a strategic shift where the company is now actively seeking to sell a stake to new investors like CVC and Advent. This pivot, alongside the launch of its Junior Stocks & Shares ISA, suggests a focus on further capital injection for growth and continued product diversification, rather than an immediate full exit.

Signal Types

Acquisition Rumor Funding Product Launch Strategic Change

Strategic Labels

Strategic Realignment Capital Raising Product Diversification

Next Move: Fundraising

Impact: 9/10

Ideal For: Late-stage Fintech VCs, Growth Equity, Private Equity

About Monzo

Monzo is a financial services company based in London, United Kingdom, specializing in fintech and banking solutions. It caters to personal banking customers, business owners, youth and young adults, families, frequent travelers, and UK residents.

Founded in 2015, Monzo offers a range of services including current accounts, savings and ISAs, investment options, credit cards, loans, and insurance. The company operates on a B2C model with a freemium approach, supplemented by subscription box offerings. Its revenue streams include subscriptions, service fees, and commissions.

Business keywords: app-based banking, real-time spending updates, transaction categorization, budgeting tools, instant transaction notifications, digital wallets, sub-account management, premium banking services, travel insurance integration, mobile-first banking, subscription-based services, personal finance management, user-centric design

Services & Products

current accounts

savings and ISAs

investment options

credit cards

loans and insurance

Target Customers

personal banking customers business owners youth and young adults families frequent travelers UK residents

Pricing

as listed on Nov 7, 2026

3–19/month

Extra: 3/month
Perks: 9/month
Max: 19/month

Monzo's pricing page

Funding Rounds & Investors (19)

View All

Funding Stage	Amount	Investors	Lead Investors	Date
Round	£15.00M	-		01 Aug 2025
Growth Equity VC	£115.00M	-		01 Mar 2025
Secondary Market	Undisclosed	2	GIC, StepStone Group	01 Oct 2024
Late VC	$190.00M	2	CapitalG, Hedosophia	01 May 2024
Series F Extension	$500.00M	3	Coatue, Abu Dhabi Fund for Development +1	01 Dec 2021
Late VC	$500.00M	3	Coatue, Abu Dhabi Fund for Development +1	01 Dec 2021
Series G	£50.00M	1	Octahedron Capital	01 Feb 2021
Series G	£65.00M	10	Goodwater Capital, Y Combinator +8	01 Jun 2020
Series F	£113.00M	9	Goodwater Capital, Y Combinator +7	01 Jun 2019
Support Program	Undisclosed	1	Tech Nation	01 Mar 2019

View All 19 Funding Rounds

Latest News

View All

UK Digital Bank Monzo Seeks New Funding At Appr. £7.5B Valuation

Crowdfund Insider Nov 07, 2026

Monzo eyes fresh funding at £7.5bn valuation - FT

Finextra Research Nov 06, 2026

Monzo's AI Builders Say Trust, Not Speed, Is the Real Bottleneck in Financial Agents

BigGo Finance Oct 17, 2026

Monzo turns down Nubank and now shops a stake to CVC and Advent

Startup Fortune Oct 17, 2026

Nubank halts Monzo acquisition talks after shares plunge

Sifted Oct 01, 2026

Inside the ‘secondaries arms race’: How employee liquidity is becoming fundamental to private businesses

Sifted Sep 29, 2026

Monzo Alternatives & Competitors

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Monzo vs

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Monzo vs

gomoney Nigeria

We're the bank you deserve, simplifying money for everyone.

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FAQ About Monzo

Time is money. Make the most out of both with Monzo. Your new favourite bank.

Monzo was founded in 2015.

Monzo is headquartered in London, United Kingdom.

Monzo operates in Financial Services, Fintech, Banking and Wealth Management. Its work centres on app-based banking, real-time spending updates, transaction categorization and budgeting tools. Its customers include personal banking customers, business owners and youth and young adults.

Monzo has a B2C, Freemium and Subscription Box business model. Its revenue comes from Subscription, Service Fee and Commission.

As listed on Monzo's pricing page on Nov 7, 2026: 3–19/month (Extra: 3/month; Perks: 9/month; Max: 19/month).

Monzo has approximately 5672 employees.

Monzo has completed 19 funding rounds, raising a total of $1.63B.

Monzo offers: current accounts, savings and ISAs, investment options, credit cards, loans and insurance.

Top alternatives and competitors to Monzo include Zopa Bank, bunq, gomoney, KOHO, Kroo Bank. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Monzo and Zopa Bank are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Monzo, https://www.bouncewatch.com/company/monzo, updated 26 October 2026. When citing, please name BounceWatch and link this page.

Monzo

General Information

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What changed at Monzo recently?

AI Insight

About Monzo

Services & Products

Target Customers

Pricing

Funding Rounds & Investors (19)

Latest News

Monzo Alternatives & Competitors

FAQ About Monzo