Monzo - About the company
Monzo is a series I company based in United Kingdom, founded in 2015 by Tom Blomfield, Paul Rippon, Gary Dolman and Jonas Huckestein Templestein. It operates as a Provider of digital banking services including accounts savings and credit. Monzo has raised $2.41B in funding from investors like General Catalyst, Passion Capital and Accel, with a current valuation of $5.9B. The company has 2457 active competitors, including 206 funded and 118 that have exited. Its top competitors include companies like Nubank, Chime and Mercury.
Sectors and market segments that Monzo operate in
Monzo serves in the FinTech market segments.The primary business model of Monzo is:Company Details
Provider of digital banking services including savings accounts and loans. This entity offers personal and business current accounts, credit products, and investment options. Customers manage finances through a mobile application that includes tools for budgeting, spending insights, and automated savings features. The service facilitates payments, transfers, and the management of pension funds. Security measures include card controls, biometric authentication, and transaction notifications. Additional offerings include insurance products and credit cards for personal use.
- Website
- monzo.com
- Email ID
- *****@monzo.com
- Phone Number
- +44 **********
- Registered Address
- Broadwalk House, 5 Appold Street, London, England, EC2A 2AG
Key Metrics
Founded Year
2015
Location
Stage
Series I
Total Funding
$2.41B in 21 rounds
Latest Funding Round
Post Money Valuation
$5.9B as on Oct 11, 2024
Investors
Ranked
2nd among 2457 active competitors
Annual Revenue
£1M - £10M as on Mar 31, 2026
Employee Count
3,786 as on Mar 31, 2025
Legal entities associated with Monzo
Monzo is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MONZO BANK HOLDING GROUP LIMITED CIN: 14785367 , United Kingdom, Active | Apr 05, 2023 | - | 3821 (As on Feb 28, 2025) | |
MONZO BANK LIMITED CIN: 09446231 , United Kingdom, Active | Feb 17, 2015 | £1M - £10M (As on Mar 31, 2026) | 3786 (As on Mar 31, 2025) |
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Monzo's funding and investors
Monzo has raised a total funding of $2.41B over 21 rounds. Its first funding round was on Apr 21, 2015. Its latest funding round was a Series I round on Mar 20, 2025 for an undisclosed amount. 1 investor participated in its latest round. Monzo has 56 institutional investors and 11 angel investors.
Here is the list of recent funding rounds of Monzo:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 20, 2025 | Undisclosed | Series I | - | - | - | |
May 08, 2024 | $191M | Series I | - | - | - | |
Mar 04, 2024 | $430M | Series I | $5B | 4.1x |
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Monzo's founders and board of directors
Founder? Claim ProfileThe founders of Monzo are Tom Blomfield, Paul Rippon, Gary Dolman and Jonas Huckestein Templestein. Diana Layfield and Conor Walsh are the CEOs of Monzo.
Here are the details of Monzo's key team members:
- Tom Blomfield: Former Co-Founder of Monzo and founder of 3 other companies, GoCardless, GrouPAY and Boso.com. They are also an angel investor in 47 startups and serve on the boards of 2 companies.Contact Info: 2 email addresses and 1 phone number
- Paul Rippon: Co-founder and Deputy CEO of Monzo and founder of 2 other companies, Starling Bank and Barnacre Alpacas. They are also an angel investor in 8 startups.
- Gary Dolman: Former Co-Founder of Monzo. They are also an angel investor in 5 startups and serve on the board of 1 company.
- Jonas Huckestein Templestein: Former Co-Founder of Monzo and founder of 2 other companies, Nustom and HipDial. They are also an angel investor in 5 startups.Contact Info: 2 email addresses
- Diana Layfield: CEO of Monzo.
Monzo's Board of Directors
Monzo's board has 16 active members. Eileen Burbidge, Miles Grimshaw, Keith Woollard and Thomas Charles Oldham are part of team and Amy Jayne Kirk, Diana Louise Patricia Layfield, Gary Hoffman, Anil Sai Tummalapalli, Jane Fields Wicker-miurin, Spencer George Lake, Elizabeth Runham, Valerie Michelle Dias, Fiona Catherine Mcbain, Jambu Palaniappan, Karen Alexandra Smith Peacock and Delfin Rueda Arroyo are independent board members.Here is the list of Monzo's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Past | 5y 3m | |
Team | - | Past | 2y 3m | |
Team | - | Current | 1y 7m | |
Investor | Passion Capital | Current | 3y 0m | |
Investor | Thrive Capital | Current | 9y 6m | |
Investor | - | Current | 10y 3m | |
Independent board member | - | Current | 3y 0m | |
Independent board member | - | Current | 0y 7m | |
Independent board member | - | Current | 3y 5m | |
Independent board member | - | Current | 3y 0m | |
Independent board member | - | Current | 2y 5m | |
Independent board member | - | Current | 0y 11m | |
Independent board member | - | Current | 3y 0m | |
Independent board member | - | Current | 3y 0m | |
Independent board member | - | Current | 3y 0m | |
Independent board member | - | Current | 1y 0m | |
Independent board member | - | Current | 0y 11m | |
Independent board member | - | Current | 1y 3m | |
Independent board member | - | Past | 1y 1m | |
Independent board member | - | Past | 5y 0m | |
Independent board member | - | Past | 0y 2m | |
Independent board member | - | Past | 0y 8m |
View details of Monzo's Founder profiles and Board Members
Monzo's employee count trend
Monzo has 3,786 employees as of Mar 25. The total employee count is 21.0% more than what it was in Mar 24. Here is Monzo's employee count trend over the years:
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Monzo's Competitors and alternates
Top competitors of Monzo include Nubank, Chime and Mercury. Here is the list of Top 10 competitors of Monzo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital banking services, including credit cards and accounts | $2.27B | 89/100 | ||
2nd |  Monzo 2015, United Kingdom, Series I | Provider of digital banking services including accounts savings and credit | $2.41B | 82/100 | |
3rd |  Chime 2012, San Francisco (United States), Public | Digital bank for individuals | $3.15B | 83/100 | |
4th | Mercury 2017, San Francisco (United States), Series D | Provider of a comprehensive online platform offering a range of financial services | $546M | 83/100 | |
5th | Starling Bank 2014, London (United Kingdom), Series D | Provider of digital banking services including savings and payment accounts | $1.01B | 83/100 | |
6th | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 82/100 | |
7th | Provider of business account, payment cards, and financial management solutions | $717M | 82/100 | ||
8th |  Ally 1919, Detroit (United States), Public | Provider of banking, auto finance, investing, and life insurance products | $1.3B | 81/100 | |
9th | Dave 2016, Los Angeles (United States), Public | Developer of a mobile banking application offering financial management tools | $63.6M | 81/100 | |
10th | BlueVine 2013, Redwood City (United States), Series F | Provider of business checking accounts, business loans, and business credit cards | $288M | 80/100 |
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Monzo's Investments and acquisitions
Monzo has made 1 investment in Marshmallow and acquired Habito.Reports related to Monzo
Here is the latest report on Monzo's sector:
News related to Monzo
Filter this listMedia has covered Monzo for a total of 61 events in the last 1 year, 35 of them have been about company updates and 11 about people movement.
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Nubank–Monzo talks put £10bn valuation on transatlantic digital banking betBusiness News Today•Sep 27, 2026•Monzo, Nubank
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Monzo Addresses Technical Outage by Redirecting Customers to a Backup BankPYMNTS.com•Aug 19, 2026•Monzo
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Monzo and Nest Partner for UK Self-Employed Pension Savings ProjectThe Fintech Times•Aug 18, 2026•Monzo, Nest
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Monzo Business Reaches 1 Million Customers in UK, One in Six Businesses Bank With ItThe Fintech Times•Aug 06, 2026•Monzo
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Monzo and Nest Partner on Pension Savings Initiative for Self-EmployedFStech•Jul 24, 2026•Monzo, Nest
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Monzo Integrates ClearScore Technology for Automated Debt Payoff SolutionPYMNTS.com•Jul 08, 2026•Monzo
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