Monzo Bank
Monzo is a UK app-based digital bank offering current accounts, savings, loans, investments and business banking to consumers, families, sole traders and SMEs.
Monzo Bank Limited is a branchless, fully licensed UK bank run through a mobile app. It serves personal and business customers with current accounts, savings, borrowing, payments, investments, paid subscription plans and accounts for under-16s. It earns money from interest on balances and lending, card interchange and payments, wealth products, and subscriptions. In FY2026 (year to March 2026) it reported revenue of about £1.7bn (+39%), adjusted pre-tax profit of £172.6m, statutory pre-tax profit of £87.3m, deposits of £25.7bn and 15.2m customers. It is expanding into Europe, and a 2026 investor report cites a £4.5bn private valuation benchmark.
