About
Monzo is one of the UK's leading neobanks with 12.2M users and £16.6B in deposits. Hit £1.2B revenue in FY2025 (+48% YoY) with £113.9M pre-tax profit (8x increase). Second consecutive profitable year. Loan portfolio £2.2B (+35%). 1M+ customers on subscription plans. Business banking at 400K+ customers. Valued at $5.9B (Oct 2024). Strong budgeting tools and instant spending notifications. Expanding lending products and US market.
Key Facts
- [1]Founded: Founded in 2015 in London, United Kingdom.
- [2]Funding: Total funding: $1.8B. Last round: 2024. Stage: Late Stage.
- [3]Valuation: Valued at $5.9B.
- [4]Employees: Employee count: 1,001-5,000.
- [5]Revenue: Annual revenue/ARR: approximately $1.2B.
- [6]Website: Official website: monzo.com.
- [7]AI Technology: Core AI/ML technologies: Predictive ML.
- [8]Region: Region: EMEA (United Kingdom).
Founders
Tom Blomfield
Co-founder
Jonas Huckestein
Co-founder
Jason Bates
Co-founder
Gary Dolman
Co-founder
Paul Rippon
Co-founder
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Monzo?
Monzo is one of the UK's leading neobanks with 12.2M users and £16.6B in deposits. Hit £1.2B revenue in FY2025 (+48% YoY) with £113.9M pre-tax profit (8x increase). Second consecutive profitable year. Loan portfolio £2.2B (+35%). 1M+ customers on subscription plans. Business banking at 400K+ customers. Valued at $5.9B (Oct 2024). Strong budgeting tools and instant spending notifications. Expanding lending products and US market. Monzo is classified in the Banking & Payments segment at the Applications layer of the financial AI stack.
Who founded Monzo?
Monzo was founded by Tom Blomfield (Co-founder), Jonas Huckestein (Co-founder), Jason Bates (Co-founder), Gary Dolman (Co-founder), and Paul Rippon (Co-founder) in 2015 in London, United Kingdom. The company has been operating for 11 years.
How much funding has Monzo raised?
Monzo has raised $1.8B in total funding, placing the company at the Late Stage stage. The most recent round closed in 2024. The company is valued at approximately $5.9B. Monzo generates approximately $1.2B in annual revenue. Among 38 funded Banking & Payments companies, Monzo ranks #8 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Monzo use?
Monzo primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Banking & Payments segment, 19 companies use this technology.
What market segment does Monzo operate in?
Monzo operates in the Banking & Payments and Lending & Credit and Enterprise Finance market segments. AI-powered banking and payments companies are modernizing the core infrastructure of financial services — how money moves, how accounts are managed, and how banking operations are run at scale. The company also has a footprint in lending & credit and enterprise finance, reflecting its cross-functional approach to financial AI.
Where is Monzo headquartered?
Monzo is headquartered in London, United Kingdom. The company operates in the EMEA region. The team consists of 1,001-5,000 employees. United Kingdom is home to 33 financial AI companies tracked by AIFI Map.
Who are Monzo's competitors?
Companies similar to Monzo in the Banking & Payments space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Stripe ($9.8B raised), Ramp ($2.3B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Monzo offer?
Monzo builds applications-layer solutions for the financial services industry. The company's core offering: AI fraud detection and budgeting. The platform is powered by Predictive ML technology.