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Monzo BankA bank as smart as your phone.

YC has written a good overview of our business on their blog: https://blog.ycombinator.com/monzo-makes-money-work-for-everyone/ Our mission is to make money work for everyone. We are the UK's leading digital bank for individuals and businesses, reinventing the traditional banking industry one customer at a time. We're relentlessly mission driven and always put our customers first - from what products we chose to launch next to our transparency and use of simple language. With a Net Promoter Score of 70+, it shows. From our founding in 2015, we now have over 7 million customers in the UK (13% of UK adults) and are building out our team in the US. We've seen incredible organic growth, acquiring 150,000 customers / month in 2022, with 80% of this coming from word of mouth. Our weekly active user rate is ~60% and ~40% of our active users use us as their Main Bank account, showing that we are a product that is embedded in our users' daily lives. We've grown to ~2,450 staff (~400 of which make up the product/tech team), and are backed by YC, Stripe, Tencent, Mike Moritz, and others. Internally, we encourage an open, collaborative, and inclusive working environment - we were voted the 1 startup where people in the UK want to work for the second year running in 2022. We contribute to open source software, and we continually engage with our wonderful community. We're hiring talented, creative problem-solvers to help us build the bank of the future. Join us!

2018-07-28
Active
Early
Unspecified
2450
Fintech
United KingdomEuropeRemotePartly Remote
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More About Monzo Bank

Monzo | Your New Favourite Bank

Revolutionize Your Banking Experience

Monzo is transforming the way you manage your finances with a fully regulated UK current account. Join over 10 million people who trust Monzo for their banking needs.

Key Features

  • Earn Cashback: Get 10% cashback on purchases with top brands like Sainsbury's, Netflix, and Just Eat.
  • Early Payments: Receive your salary one business day early when paid by Bacs.
  • No Foreign Transaction Fees: Enjoy fee-free spending abroad with Mastercard's real exchange rate.
  • Instant Notifications: Get real-time alerts for every transaction.
  • Savings Pots: Earn up to 4.35% AER interest on savings with no minimum deposit.
  • Bill Management: Set up Direct Debits and standing orders from dedicated Pots.
  • Investment Options: Invest as little as £1 with expert-managed options.
  • 24/7 Customer Support: Access help anytime through in-app chat.

Use Cases

  • Personal Banking: Manage your daily expenses, save money, and track your spending habits.
  • Travel: Use your Monzo card abroad without worrying about extra fees.
  • Bill Splitting: Easily split bills and send payment reminders to friends.
  • Savings and Investments: Grow your money with high-interest savings accounts and investment options.
  • Security: Benefit from industry-first tech to protect against fraud.

Pricing

Monzo offers a range of plans to suit your needs:

  • Free Account: Access all basic features without any monthly fees.
  • Extra: Enjoy additional benefits for £3 per month.
  • Perks: Get more perks for £5 per month.
  • Max: Unlock the best tools and highest savings rates for £15 per month.

Teams

Monzo's dedicated teams work tirelessly to provide you with the best banking experience:

  • Customer Support: Available 24/7 to assist you with any queries.
  • Security Team: Focused on keeping your money safe with advanced security measures.
  • Product Development: Continuously improving and adding new features to meet your needs.
  • Financial Experts: Offering investment and savings advice to help you grow your wealth.

Join Monzo today and experience a new way of banking that puts you in control.