Monzo Bank Ltd

Monzo Bank Ltd" is fully authorised in the UK by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA.

Based in London, Monzo Bank is a digital challenger bank founded in 2015. It offers mobile-first banking services to over 12.5 million personal customers and additional business users. Monzo aims to make banking transparent, convenient, and accessible, addressing common issues found in traditional banks. The bank operates primarily through its mobile app, providing a range of personal and business banking services. Personal banking features include current accounts, budgeting tools, loans, savings, and investment options. For businesses, Monzo offers accounts tailored for sole traders and small-to-medium enterprises, along with loan products. The company emphasizes user-driven innovations and transparency, fostering a strong community and loyalty among its customers. Monzo has experienced significant growth, reporting £94.5 million in annual net profit as of 2025.