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Monzo

Monzo is a London-based digital bank founded in 2015, offering current accounts, savings, investments, pensions, loans and credit cards through a mobile app used by over 14 million customers.

Monzo is a digital bank founded in 2015 and headquartered in London, serving customers in the UK and Europe. The company offers current accounts for personal and business customers, alongside savings, investments, pensions, loans and credit cards, all managed through a single mobile app. It reports more than 14 million personal and business customers.

Its technology work spans mobile app development, fintech and financial services technology. The Monzo app is designed around transparency and simplicity, with features such as instant spending notifications and the option to get paid early. The company began with a prepaid card, known for its hot coral design, before becoming a full-service bank; it is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.

Product development is shaped by customer input: users suggest features, test the app and give feedback. Monzo states its mission as making money work for everyone, with a stated focus on solving customer problems rather than selling financial products.

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