About Monzo
Monzo is a company based in London (United Kingdom) founded in 2015 by Jonas Huckestein Templestein.. Monzo has raised $1.9 billion across 21 funding rounds from investors including Stripe, Deliveroo and Tencent. Monzo has completed 1 acquisition, including Habito. Monzo offers products and services including Current Account, Savings Pot, Flex Credit Card, and Loans. Monzo operates in a competitive market with competitors including Starling Bank, Atom bank, Varo, Revolut and Comun, among others.
- Headquarter London, United Kingdom
- Founders Jonas Huckestein Templestein
- Stage Unicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Monzo Bank Limited
- Date of Incorporation 18 Feb, 2015
- Jurisdiction LONDON, ENGLAND
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Products & Services of Monzo
Monzo offers a comprehensive portfolio of products and services, including Current Account, Savings Pot, Flex Credit Card, and Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal account for daily transactions and budgeting tools
Digital tool for setting aside and earning interest
Card for building credit with cashback offers
Options for up to £25,000 with eligibility checks
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Software Development Team
153 people
Finance and Accounting
110 people
Senior Team
61 people
Operations Team
57 people
Product Management Team
44 people
Data Analysis and Operations Team
42 people
Leadership Team
31 people
Sales and Marketing
30 people
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Funding Insights of Monzo
Monzo has successfully raised a total of $1.9B across 21 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 Total Funding
- Total Rounds 21
- Last Round Last Round
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First Round
First Round
(21 Apr 2015)
- Investors Count 38
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series I - Monzo | Valuation |
investors |
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| May, 2024 | Amount | Series I - Monzo | Valuation |
investors |
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| Mar, 2024 | Amount | Series I - Monzo | Valuation | CapitalG , Ribbit Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Monzo
Monzo has secured backing from 38 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Stripe, Deliveroo and Tencent. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of investment management and real asset services
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Founded Year | Domain | Location | |
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Growth-stage companies are invested in by CapitalG, Alphabet's independent fund.
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Founded Year | Domain | Location | |
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Investments in growth-stage companies are made by Hedosophia.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Monzo
Monzo has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Habito. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online mortgage broker digitizing application processes for borrowers.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Monzo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Monzo Comparisons
Competitors of Monzo
Monzo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Starling Bank, Atom bank, Varo, Revolut and Comun, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Digital banking services are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to individuals via mobile apps.
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| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
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| domain | founded_year | HQ Location |
An online platform for retail banking solutions is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Monzo
Frequently Asked Questions about Monzo
When was Monzo founded?
Monzo was founded in 2015.
Where is Monzo located?
Monzo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Monzo?
TS Anil is the current CEO of Monzo.
Is Monzo a funded company?
Monzo is a funded company, having raised a total of $1.9B across 21 funding rounds to date. The company's 1st funding round was a Series I of $430M, raised on Apr 21, 2015.
What does Monzo do?
Monzo was established in 2015 in London, United Kingdom, as an internet-first bank in the fintech sector. Deposit accounts, money transfers, debit cards for purchases, consumer loans, and SME loans are provided to users. An app-based platform is maintained for iOS and Android devices, supporting operations for personal and business clients across the region.
Who are the top competitors of Monzo?
Monzo's top competitors include Revolut, Starling Bank and Atom bank.
What products or services does Monzo offer?
Monzo offers Current Account, Savings Pot, Flex Credit Card, and Loans.
How many acquisitions has Monzo made?
Monzo has made 1 acquisition, including Habito.
Who are Monzo's investors?
Monzo has 38 investors. Key investors include Stripe, Deliveroo, Tencent, Crowdcube, and Kaiser Permanente.
What is Monzo's valuation?
The valuation of Monzo is $4.5B as of Dec 2021.
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