At a Glance
- Ownership
- private
Monzo is a London-headquartered digital bank founded in 2015 and granted a full UK banking licence in April 2017. The company serves more than 10 million retail customers and a fast-growing base of business customers with a mobile-first current accou…
Monzo is a London-headquartered digital bank founded in 2015 and granted a full UK banking licence in April 2017. The company serves more than 10 million retail customers and a fast-growing base of business customers with a mobile-first current account, savings pots, connected credit products, mortgages distributed through partners, and investment products. Monzo is authorised by the Prudential Regulation Authority and regulated by the PRA and the Financial Conduct Authority, putting it under the same prudential regime as high-street incumbents. The listed parent for the group is Monzo Bank Holding Group Ltd, with the licensed operating entity being Monzo Bank Limited (Companies House 09446231). Monzo has raised successive private rounds from investors including Alphabet's CapitalG, Passion Capital, and Accel, culminating in a Series H round in 2024 that valued the company at around $5.2 billion, making it one of Europe's most valuable private fintechs ahead of a widely anticipated IPO.
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Estonia e-Residency play
Monzo's corporate structure combines PRA-authorised banking governance with UK venture-backed cap-table mechanics, which is rare at its scale. The licensed bank is Monzo Bank Limited, a private limited company incorporated in England and Wales (Companies House number 09446231); above it sits Monzo Bank Holding Group Ltd, the ultimate UK parent.
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Estonia e-Residency play
As a regulated deposit-taker, the bank files FCA/PRA capital, liquidity, and recovery and resolution data, publishes full IFRS accounts at Companies House, and is in scope for the Financial Services Compensation Scheme up to £85,000 per eligible depositor. The holding structure also hosts US-focused expansion vehicles, reflecting Monzo's 2024 US relaunch, and Monzo Flex Limited for its regulated credit product.
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Capital markets path
Over its lifetime Monzo has run multiple UK crowdfunding rounds on Crowdcube alongside institutional Series rounds, which added retail investors into the cap table and required dedicated Companies House share-capital filings for each new class. Its Series H at a $5.2 billion valuation brought in Alphabet's CapitalG and Hedosophia. A widely reported future IPO would most likely re-register Monzo Bank Holding Group Ltd as a plc, but unlike Wise the bank structure means any listing must manage PRA change-in-control rules, UK capital-adequacy thresholds, and the prudential treatment of any pre-IPO secondary sales.
Key People
Tom Blomfield
Founder
From Wikidata
Jason Bates
Founder
From Wikidata
Paul Rippon
Founder
From Wikidata
Gary Dolman
Founder
From Wikidata
Jonas Huckestein
Founder
From Wikidata
Corporate Timeline
- Jan 2015Incorporation
Monzo founded
Founded in 2015.
Replicate Monzo's structure in 4 steps
The formation playbook, distilled from how this company was actually set up.
Estonia e-Residency play
Monzo Bank Holding Group Ltd is the ultimate UK parent; beneath it, Monzo Bank Limited (Companies House number 09446231) holds the UK PRA and FCA authorisations and is the deposit-taking entity covered by the Financial Services Compensation Scheme.
Monzo Flex Limited provides regulated consumer credit under
Monzo Flex Limited provides regulated consumer credit under a separate FCA permission.
Estonia e-Residency play
Group subsidiaries include vehicles for US expansion, investment products, and employee share schemes.
Estonia e-Residency play
Monzo has run both institutional priced rounds and retail crowdfunding rounds on Crowdcube, producing a share capital with multiple classes visible in Companies House filings. The group publishes annual reports, Pillar 3 disclosures, and recovery and resolution plans aligned with PRA requirements.
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Open Roles
View all on Greenhouse →- Lead Insurance Pricing AnalystCardiff, London or Remote (UK)
- Sales Account Executive London
- Financial Reporting Manager London
- Senior Product Manager, PaymentsLondon
- PR & Communications Manager (16 month fixed term contract)London
- People Operations AssociateCardiff, London or Remote (UK)
- Senior Backend EngineerCardiff, London or Remote (UK)
- Backend Engineer III Cardiff, London or Remote (UK)
Recent News & Filings
- Monzo hiring slows as fintech refocuses on tools for business - The TimesThe Times · 25 May 2026
- Monzo chief eyes European expansion – report - Yahoo FinanceYahoo Finance · 20 May 2026
- Monzo is Turning Customers into Communities - Creative SalonCreative Salon · 20 May 2026
- Monzo’s FY26 Results Proves Neobank Profitability at Scale - FinTech MagazineFinTech Magazine · 20 May 2026
- After shutting US operations, Monzo bets big on Europe with £1B profit boost - Tech Funding NewsTech Funding News · 20 May 2026
Frequently Asked Questions
Is Monzo a real bank?
Yes. Monzo Bank Limited received a full UK banking licence from the PRA in April 2017 and is authorised by the PRA and regulated by the PRA and FCA; eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme.
What is Monzo's Companies House number?
Monzo Bank Limited is registered at Companies House under number 09446231, with Monzo Bank Holding Group Ltd as its ultimate UK parent.
Is Monzo profitable?
Monzo reported its first full-year statutory profit in its 2023/24 annual accounts, driven by net interest income growth, and has continued to expand its profit base in subsequent periods.
Will Monzo IPO?
Monzo has been widely reported as preparing for an IPO following its 2024 Series H at a $5.2bn valuation; no firm listing date or venue has been confirmed.
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