About Monument Bank
Monument Bank is a Financial Services company based in London (United Kingdom) founded in 2010 by Mintoo Bhandari and Vikash Gupta. Monument Bank is focused on providing savings and banking services. It operates on a Subscription Services and Direct-to-Consumer (D2C) model. Monument Bank has raised $176.46 million across 8 funding rounds from investors including Dubai Investments, Bank of England and Eric Zinterhofer. Monument Bank was last valued at $221.63 million in October 2023. Its chief executive, as recorded, is Ian Rand. Its website monument.co draws about 38 thousand monthly visits. Monument Bank offers products and services including Savings Accounts, Easy Access Cash ISA, and Membership Program. Its focus areas include Banking and Retail Banking. Its legal entity is Monument Bank Limited. Its competitors include Starling Bank, Monzo and Revolut; 3 of its 3 listed competitors have raised funding.
Company details
Monument Bank is engaged in offering a range of savings accounts and financial services to clients in the United Kingdom. Various products, including Easy Access Savings, Fixed Term Deposits, and ISAs, are provided with flexible options and FSCS protection up to 85,000. The bank operates through a user-friendly app, ensuring personalized customer support without chatbots. Sectors served include retail banking, with additional lifestyle and membership benefits designed to support wealth growth. A commitment to client satisfaction is maintained through accessible UK-based support teams.
- Headquarters London, United Kingdom
- Founders Mintoo Bhandari, Vikash Gupta
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Phone•••• ••••
- Website monument.co
- Social LinkedIn Facebook Instagram
- Legal Name Monument Bank Limited
- Total Equity Funding$176.46M (USD)
in 8 rounds
- InvestorsDubai Investments
& 4 more
Products & Services of Monument Bank
Monument Bank offers a comprehensive portfolio of products and services, including Savings Accounts, Easy Access Cash ISA, and Membership Program.
Various savings accounts are offered with flexible options.
Tax-free savings accounts are provided for easy access.
Membership benefits are designed to enhance wealth growth.
Apps and channels of Monument Bank
Monument Bank publishes 2 mobile apps with over 50K+ downloads.
Funding Insights of Monument Bank
Monument Bank has successfully raised a total of $176.46M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $176.46M
- Total Rounds 8
- First Round $8.22M
(Nov 2018)
- Investors Count 5
All 8 funding rounds of Monument Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | Angel Round | – | – | – | |
| Oct 2023 | $50M | Series B | $221.63M | – | |
| Jan 2023 | $30.74M | Series A | $196.42M | Dubai Investments | – |
| Oct 2021 | $32.86M | Series A | – | – | – |
| Feb 2021 | $39.59M | Series A | – | – | |
| Mar 2020 | $14.34M | Seed | $••••• | – | – |
| Sep 2019 | $708,677 | Seed | $••••• | – | – |
| Nov 2018 | $8.22M | Seed | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2023 | $221.63M | •••••••• |
| Jan 2023 | $196.42M | •••••••• |
| Mar 2020 | $••••• | •••••••• |
| Sep 2019 | $••••• | •••••••• |
| Nov 2018 | $••••• | •••••••• |
Full valuation and stage history of Monument Bank
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $221.63M (Oct 2023). 5 investors in total: 2 institutional and 3 angel.
Investors in Monument Bank
Monument Bank has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Dubai Investments, Bank of England and Eric Zinterhofer.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments in growth-stage companies are managed. | 1995 | dubaiinvestments.com | Dubai, United Arab Emirates | |
The Bank of England is tasked with maintaining monetary and financial stability in the United Kingdom. | bankofengland.co.uk | London, United Kingdom | ||
EZ Eric Zinterhofer | American investor, co-founder of Searchlight Capital, active in Indian market | unknown_c1d486bc813a43b0b | ||
RL Rakesh Loonkar | Co-founder of American Express India, angel investor in fintech and tech startups | unknown_ef2a77db026f42d1b | ||
HH Harry Handelsman | Indian angel investor, active in tech startups, based in India. | unknown_9af57194c9a5490c9 |
Investor details for Monument Bank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Monument Bank
33 people are tracked at Monument Bank (17 in leadership, 16 in team).
| Name | Role | Group |
|---|---|---|
Mintoo Bhandari | Co-Founder & Head of Global Institutional Relationships | Leadership |
Vikash Gupta | Co-Founder | Leadership |
Ian Rand | CEO | Leadership |
David Young | Chief Operating Officer | Leadership |
Wasim Khouri | Chief Commercial Officer | Leadership |
Dominique Ogilvie | Chief People Officer | Leadership |
Feike Brouwers | Chief Risk Officer | Leadership |
Bethan Rich | Head Of Financial Crime And Fraud Operations | Leadership |
Craig Maddock | Head Of Savings | Leadership |
Manish S. | Head Of Enterprise Risk Management | Leadership |
Becky Taylor | Head Of Marketing | Leadership |
Mehmet Cabuk | Head Of Platform Engineering | Leadership |
Charissa Bobb | Personal Assistant To CEO & Office Manager | Leadership |
Graham Law | Head Of Cloud Operations | Leadership |
Russell Gill | Head Of Prudential, Strategic & Credit Risk | Leadership |
Caroline Richardson | Chief Financial Officer | Leadership |
Shaun Bohannon | Chief Technology Officer | Leadership |
Ganapathiraj Kamaraj | Quality Assurance | Team |
Sanjay Mistry | Cloud Operations Engineer | Team |
Jayson Tulloch | Cloud Operations Manager | Team |
13 more people are available in the full profile.
Complete people profiles for Monument Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Monument Bank
4 dated milestones of Monument Bank across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Monument Bank is founded.
- Funding First funding round of $8.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round,.
Competitors of Monument Bank
Monument Bank has 3 listed competitors in our database, 3 of them funded. They include Starling Bank, Monzo and Revolut.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| starlingbank.com | 2014 | London, United Kingdom | $1.01B | 3,231 | Digital banking services are offered to consumers and businesses. | |
| monzo.com | 2015 | London, United Kingdom | $2.37B | 3,119 | Internet first bank for individuals and businesses | |
| revolut.com | 2015 | London, United Kingdom | $1.73B | 1,614 | Banking solutions are provided for retail customers and businesses. |
Detailed competitors of Monument Bank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Monument Bank
The website of Monument Bank (monument.co) receives about 37.6K visits a month and ranks #392,357 among all websites worldwide, #4,952 in Financial Planning and Management.
- Monthly visits37.6K
▼ 64.6% vs previous month
- Unique visitors52.8K
per month
- Global rank#392,357
among all websites
- Category rank#4,952
Finance · Financial Planning and Management
- Bounce rate58%
- Pages per visit1.9
- Average visit2 min 12 sec
- DevicesDesktop 26% · Mobile 74%
Websites whose visitors overlap most with Monument Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| moneysavingexpert.com | 100% | 20.7M | #3,243 | View details | |
| hl.co.uk | 95% | 6.9M | #7,103 | View details | |
| moneysupermarket.com | 93% | 7.8M | #7,331 | View details | |
moneyfactscompare.co.uk | moneyfactscompare.co.uk | 89% | #120,538 | – | |
| moneyboxapp.com | 89% | 1.1M | #63,690 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 25 similar websites and full traffic analytics for Monument Bank
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 25 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Monument Bank (Banking & FinTech Platforms) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | 3,462 | ||
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 |
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Related news about Monument Bank
Complete news archive for Monument Bank
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Frequently Asked Questions about Monument Bank
Monument Bank was founded in 2010 and raised its 1st funding round 8 years after it was founded.
Monument Bank is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Ian Rand is the CEO of Monument Bank, as recorded in our data.
Monument Bank is a funded company, having raised a total of $176.46M across 8 funding rounds to date. The company's 1st funding round was a Seed of $8.22M, raised on Nov 2018.
Monument Bank is engaged in offering a range of savings accounts and financial services to clients in the United Kingdom. Various products, including Easy Access Savings, Fixed Term Deposits, and ISAs, are provided with flexible options and FSCS protection up to 85,000. The bank operates through a user-friendly app, ensuring personalized customer support without chatbots. Sectors served include retail banking, with additional lifestyle and membership benefits designed to support wealth growth. A commitment to client satisfaction is maintained through accessible UK-based support teams.
Monument Bank's top competitors include Revolut, Monzo and Starling Bank.
Monument Bank offers Savings Accounts, Easy Access Cash ISA, and Membership Program.
Monument Bank has 5 investors. Key investors include Dubai Investments, Bank of England, Eric Zinterhofer, Rakesh Loonkar, and Harry Handelsman.
The valuation of Monument Bank is $221.63M as of Oct 2023.
Monument Bank operates through Monument Bank Limited.
Yes. Monument Bank publishes Monument Bank and 1 more app, with over 50,000 downloads.