Monzo

Monzo is a British digital bank headquartered in London. It was founded in 2015 by Tom Blomfield, Jason Bates, Jonas Huckestein, Paul Rippon and Gary Dolman and received a full UK banking licence in April 2017. According to its website, it serves more than 16 million personal and business customers, and everything runs through a smartphone app.

Features

• Free personal current account with a debit card
• Business accounts for sole traders and companies
• Paid tiers such as Monzo Plus and Premium, plus loans and contents insurance
• Mortgage advice through its subsidiary Habito

Good to know

Monzo is mainly a UK bank. In December 2025 it received a banking licence from the Central Bank of Ireland and the European Central Bank, which prepares expansion into the EU, but the main market remains the United Kingdom. It has also withdrawn from the US. Investors include Y Combinator, GIC and the Abu Dhabi Growth Fund, and no single owner holds a majority.