Monzo is a digital bank that lives on your phone, on a mission to make money work for everyone. Founded in 2015 and based in London, Monzo has grown from a prepaid card provider to a full-service bank serving over 14 million personal and business customers across the UK and Europe. The company offers current accounts, savings, investments, pensions, loans, and credit cards - all managed through a mobile app designed for transparency and simplicity.
Monzo takes a fundamentally different approach to banking. Rather than selling financial products, the company focuses on solving real customer problems and building a bank with everyone, for everyone. Their community suggests features, tests the app, and provides constant feedback that shapes product development. With hot coral cards, instant spending notifications, and features like getting paid early, Monzo has forced traditional banks to compete on user experience. The company is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.