Monzo

Founded in early 2015, Monzo is a UK bank built around a mobile app rather than a branch network. Monzo Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

The bank offers personal and business current accounts alongside savings, borrowing, payments, subscriptions, investments, pensions and insurance products. Its core strength is combining everyday banking with budgeting, spending visibility and other money-management tools in one app.

Monzo has developed particular scale in customer-led digital banking and small-business banking. In FY2026, it added 3 million customers, reached 15.2 million total customers and reported 10.4 million monthly active users, while business banking customers grew by 45%.