Features, Benefits and How it Works
Monzo is one of the leading neobanks in the UK. They provide a more modern and efficient service than the traditional banks. It is a fully-fledged bank (unlike some of its rivals), has a full UK banking license, and is regulated by the Financial Conduct Authority (FCA).
In addition to its core banking services, Monzo offers premium subscription plans, providing users with enhanced features such as travel insurance, interest on balances, and exclusive discounts and offers.
Monzo was founded by Tom Blomfield, Jonas Huckestein, Jason Bates, Paul Rippon, and Gary Dolman, driven by the vision of creating a smart and accessible banking experience. Since its inception, the company has attracted significant investment, reaching a valuation of $4.5 billion after raising $500 million in its 2021 funding round.
Their name reflects its aim to bring a fresh and innovative approach to banking, and its success is evident from its large and growing customer base in the UK. With its intuitive mobile app and focus on customer-centric features, Monzo continues to expand its offerings, making it a top choice for digital banking solutions.
Go to Monzo
Founded: 2015
Headquarters: London, UK
Users: +9 million
Countries available: United Kingdom
Account plans: 3 plan options for personal users and 2 options for businesses
