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