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Get paid a day early with easy banking through Monzo

Get paid a day early with easy banking through Monzo

At Monzo, we’re building a new kind of bank. One that lives on your smartphone and built for the way you live today. By solving your problems, treating you fairly and being totally transparent, we believe we can make banking better. Since we started we’ve been busy building the best current account in the world. We now have more than three million customers using our debit cards to manage their money and spend around the world. While someone opens a Monzo bank account every 11 seconds in the UK, we’re now setting foot in the US. It’s another important step towards our mission to make money work for everyone, putting people in control and making everything about their money easy. We’re moving mountains in the background so you can manage your money effortlessly. Download our app and go Monzo!
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Latest Stories and News

Monzo gets $74m fundraise over the line; confirms 40% valuation drop

  • Sifted
  • 3 months ago
  • London’s digital bank Monzo has closed a much-awaited $74M funding round at a $1.6bn valuation — a 40% valuation drop from its previous raise.
  • There are two new known investors in the new round — Swiss fund Reference Capital and Vanderbilt University — while the remaining funds were made up by Monzo’s existing investors, including Y Combinator, Accel, Thrive Capital and Passion Capital.
  • The funds are likely to have provided a top-up to the bank’s balance sheet, which now stands at $220m in liquid capital (as a licensed bank, it is required to hold at least 8% of its risk-weighted assets in liquid cash).
Monzo gets $74m fundraise over the line; confirms 40% valuation drop
Co-Founder/CTO @Monzo Bank; Prev YC W2012; Built v0 of AngelList ✌️
Valuation

$2.5B

Funded over

10 rounds

Latest round

Series F (Jul 2019)

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Health & wellbeing

Remote friendly

Generous vacation

Compensation reviews

Flexible working hours

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