Company profile: Monzo Bank
1.1 - Company Overview
Company description
- Provider of app-based digital banking through a user-friendly mobile platform and a transparent approach. Offers UK current accounts with instant spending notifications, budgeting tools, and fee-free spending abroad; Monzo Pots for budgeting and saving; Monzo Plans with benefits like insurance and higher savings rates; and accounts for under 16s with parental controls and no fees, and for 16–17s with spending restrictions excluding overdrafts and gambling.
Products and services
- Monzo Current Account: A UK-based account that delivers instant spending notifications, budgeting tools, and fee-free spending abroad through a user-friendly mobile app focused on click-to-complete banking without branches or checkbooks
- Monzo Plans: Packaged accounts that offer additional benefits like insurance and higher savings rates for a monthly fee, enhancing coverage and returns within one monthly package
- Monzo Pots: Category-based feature that allows users to separate money into different categories for budgeting and saving, keeping goal-specific funds distinct from everyday transactions
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Monzo Bank
SimpleNexus
HQ: United States
Website
- Description: Provider of homeownership platforms connecting loan officers, borrowers, real estate agents, and settlement agents, delivering a consistent mortgage experience across web, phone, and tablet. Offerings include the nCino Mortgage Suite, Modern Mortgage product for U.S. markets, optimized incentive compensation management, mortgage analytics, and a digital mortgage closings solution.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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Valeyo
HQ: Canada
Website
- Description: Provider of Canadian-based digital loan origination solutions for the financial services industry, including Valeyo Ori for retail and commercial lending; SaaS web platforms for retail and small business origination with automation and credit policy enforcement; and end-to-end commercial and agricultural credit origination with risk and portfolio management.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Valeyo company profile →
Skaleet
HQ: France
Website
- Description: Provider of a cloud-based, modular, API-driven core banking platform enabling financial institutions to build and manage banking products and experiences. Offers payment (SEPA, SEPA Instant), card issuance and operations, lending lifecycle management, process automation connecting third-party solutions, and solution design services.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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OneBanx
HQ: United Kingdom
Website
- Description: Provider of open banking, payments, cash and shared banking infrastructure, offering shared banking kiosks in community hubs for deposits, withdrawals and bill payments; a white-label app for financial institutions; a mobile app connecting to any bank account; a business concierge cash-deposit service; an open banking platform for secure multi-account access; and cash automation solutions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full OneBanx company profile →
Sbanken
HQ: Norway
Website
- Description: Provider of digital banking services to individuals and households, offering a mobile banking app for account management, payments and financial overview; mortgage and framework loans; consumer and car loans; bank cards and piggy banks; savings accounts; investment in mutual funds (including index and actively managed funds); and stock trading with access to market analysis and recommendations.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Sbanken company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Monzo Bank
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Monzo Bank
2.2 - Growth funds investing in similar companies to Monzo Bank
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4 - Top valuation comps for Monzo Bank
4.2 - Public trading comparable groups for Monzo Bank
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