# Monzo

**Source:** https://www.startuphub.ai/startups/monzo
**Profile type:** Startup

> A leading UK-based challenger bank offering a mobile-first banking experience.

## About

Monzo is a digital-only bank that provides personal and business current accounts, savings pots, and lending products through its intuitive mobile application. It aims to make banking easier and more transparent for its customers, leveraging technology for features like instant spending notifications, budgeting tools, and fee-free international spending. Monzo is regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

## Key facts

- **Slug:** monzo
- **Website:** https://monzo.com
- **Location:** London, England, United Kingdom
- **Founded:** 2015-02-01 00:00:00
- **Employees:** 2800
- **Operating status:** Active
- **Total funding:** $1.8B
- **Sectors / tags:** Financial Services, Banking, Fintech, Mobile Banking, Neobank, Challenger Bank
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/monzo
  - Twitter: https://twitter.com/monzo
  - Facebook: https://www.facebook.com/monzobank

## Frequently asked

### What does Monzo do?

Monzo is a digital-only bank that provides personal and business current accounts, savings pots, and lending products through its intuitive mobile application. It aims to make banking easier and more transparent for its customers, leveraging technology for features like instant spending notifications, budgeting tools, and fee-free international spending. Monzo is regulated by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).

### What is Monzo's revenue?

StartupHub estimates Monzo's annual revenue at $810.8M (range $509.1M to $1.8B, 68% confidence), based on comparable companies in the sector.

### What is Monzo's valuation?

StartupHub estimates Monzo's effective valuation at $7.8B (range $4.8B to $34.9B, 49% confidence), based on comparable companies in the sector.

### How much funding has Monzo raised?

Monzo has raised a total of $1.8B in funding. The most recent round on record is Series I Extension.

### Where is Monzo headquartered?

Monzo is headquartered in London, England, United Kingdom.

### When was Monzo founded?

Monzo was founded in 2015.

### What industry does Monzo operate in?

Monzo operates in Financial Services, Banking, Fintech, Mobile Banking, Neobank, Challenger Bank.

### How many employees does Monzo have?

Monzo has approximately 2800 people on record.

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