Monzo Bank

Valuation $9B

About Monzo Bank

Monzo is a digital bank that provides a user-friendly mobile app, innovative features, and a transparent approach to banking.
Headquarters Monzo Bank, London
Founded 2015-02-01
Industry Banking, Financial Services, FinTech, Wealth Management
Last Funding Type Secondary Market
Valuation 9
Total Funding $1.84 billion dollars
IPO Status Private

Financial

Monzo has experienced significant growth, achieving a valuation of £4 billion and securing $430 million in funding. The company reported its first full year of profitability and has increased its customer base to 9 million. Monzo has also raised additional funding rounds, including $610 million to support its U.S. market entry and launch pensions, and £340 million to boost its growth plans. The digital bank is preparing for international expansion, including establishing a base in Dublin for EU operations.

Funding Rounds 22
Number of Lead Investors 8
Total Funding Amount  $1.84 billion dollars
Number of Investors 51

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