June 3, 2020. They've either been oblivious on regulation, or incredibly strict. To show its employees, future candidates, and customers what they’re all about, Monzo recently made their tone guidelines public, along with helpful examples on how staff can get used to the company’s simple and straight-forward approach to communication. Cons - Monzo has become too big to keep giving equal treatment and benefits to all employees. [25], On 7 June 2018 Monzo announced an integration with IFTTT which allowed users to connect their account to smart devices and services. Monzo Bank is a digital online banking service that is mobile-only. We're a bank that lives on your phone, on a mission to make money work for everyone. Cons - Monzo has become too big to keep giving equal treatment and benefits to all employees. Glassdoor is your resource for information about Monzo Bank benefits and perks. On-site interview 1. England Financial Services Companies . 2,491 Number of Organizations • $27.6B Total Funding Amount • 2,240 Number of Investors. "Cumulative number of Monzo bank app downloads worldwide from February 2016 to May 2020, by operating system." If you'd like to suggest changes to this profile, please email us at support@crunchbase.com, Descriptive keyword for an Organization (e.g. Interview. All content is posted anonymously by employees working at Monzo Bank. Monzo is an LGBTQ+ friendly workplace who advocate equality and acceptance. On-site interview 1. Active, Closed, Last funding round type (e.g. A free inside look at company reviews and salaries posted anonymously by employees. [21], On 17 July 2017, Monzo announced the current account preview and began inviting eligible customers to sign-up for a preview of the full current account. I applied online. and another for those in customer operations. [45], On 24 June 2019, Monzo raised £113 million in a Series F funding round led by Y Combinator's Continuity fund. The end of free bank accounts is bad news for Monzo and its rivals. - Beanbag chairs in the office. Revolut confirmed that a small number … The process took 4+ weeks. The diversity in the company is incredibly well managed. The company … Monzo | 40 followers on LinkedIn. Statista. [77], Due to the relative ease with which bank accounts can be created and accessed at Monzo - compared to a traditional brick and mortar bank, they are a popular method for online scammers to extract money from their victims. Among other prizes, such as being named the most sought-after startup in the UK by LinkedIn, Monzo was named the UK’s most recommended brand by YouGov in 2019. [57], Monzo has released mobile apps for both iOS and Android phones. [51], The company faces a more onerous regulatory environment in the US than in the UK. 1) Monzo is a Victim of its Own Success. Benefits information above is provided anonymously by current and former Monzo Bank employees, and may include a summary provided by the employer. Statista. [57] The balance on the card could then be spent via contactless, chip and pin, magnetic stripe or online. 1. Monzo customers collectively stashed away £80million in rounded up spare change last year as the smartphone bank's millennial user base got … - A generous number of holiday days. Find out what works well at Monzo from the people who know best. Monzo has made a second cut to its workforce, announcing the redundancies of 120 staff in the UK as the economic strains of the coronavirus crisis continue to weigh on the fintech. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. Monzo has 22 current team members, including Co-Founder Jonas Huckestein. [34][35] That month the company also launched its loan products for customers. Monzo has made a second cut to its workforce, announcing the redundancies of 120 staff in the UK as the economic strains of the coronavirus crisis continue to weigh on the fintech. Thomas George Director of … Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. I interviewed at Monzo Bank (Cardiff, Wales (UK)). Customer operations are no longer listened to, nor are their opinions important, despite them making … Monzo CEO Tom Blomfield: Big banks are set up to 'kill' change (Feb-2020) Source: www.cnbc.com. "[52], Monzo will enter the US market through a partnership with Ohio-based Sutton Bank, and will retain many of its features, like instant spending notifications and contactless pay. Find related and similar companies as well as employees by title and much more. 2,491 Number of Organizations • $27.6B Total Funding Amount • 2,240 Number of Investors. In addition, a limited number of Monzo’s U.K. employees are being offered voluntary furloughing for two months, as part of the scheme rolled out by the U.K. government to protect jobs during the coronavirus lockdown, which is already impacting many companies — not just Monzo — including several other fintechs I know of. Customers signing up for the current account are issued a Debit Mastercard. During its announcement to expand, the company said that it would distribute about 2,000 debit cards to prospective members who attended events held by the company in major U.S. cities like Los Angeles, San Francisco and New York City. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. [54], Monzo initially issued (with partner company Wirecard[55]) a variety of alpha, beta and investor cards to its customers who wanted to be early adopters. However, that has proven expensive for Monzo, which now claims more than 4 million customers, and disproportionate to the number of support … Cons - Monzo has become too big to keep giving equal treatment and benefits to all employees. Oliver Beattie VP Architecture. Tom Blomfield President. See insights on Monzo Bank including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Has Monzo ever won any awards? Our Financial Services Register number is 730427. The company … [4] Their most recent financial results issued in July 2020, showed an annual net loss of £113.8M, an increase from the £47.1M lost in the previous year. [19][20] As a result, a naming suggestion contest was organised and the new name, "Monzo", was registered at Companies House under the legal name "Monzo Bank Ltd" in August 2016. Monzo Bank | 182,829 followers on LinkedIn. The start-up plans to hire 3,500 new employees, bringing its total headcount up to 5,000. Application. - A generous number of holiday days. Meet the former employees from Monzo and Revolut who are now founders themselves. This is the Monzo Bank company profile. I applied online. Very good online application with plenty of relevant/challenging questions on … - Beanbag chairs in the office. Many apps, including some from high street banks, now automatically sort your spending into categories (and let you re-categorise spending), but few have the ability to add your own custom categories. [16] These cards were in use until current accounts were made available to all and the prepaid programme was closed on 4 April 2018. Take-home test 4. Offers and discounts. [27] Existing TransferWise customer can connect their account to use along Monzo app. [41] This round was followed by a second £2.5 million Crowdcube crowd-funding campaign with the total pledged quickly hitting the target amount. and another for those in customer operations. On 30 October 2018, Monzo became a pound “unicorn,” with an £85 million fundraising round valuing the company at £1 billion. Get insights on Monzo’s technology stack, company size, location, job postings, employees, social media feed, and more. Compare pay for popular roles and read about the team’s work-life balance. However, that has proven expensive for Monzo, which now claims more than 4 million customers, and disproportionate to the number of support … Unlike in the UK, the company will not offer a money lending service to its US customers. [37] In May, Blomfield announced that he was moving from CEO to president of the company and TS Anil would become the company's CEO. This is the Monzo Bank company profile. The number of account holders at the digital-only bank has surged from just 50,000 in September 2016 to 750,000 today. [46][47], Their valuation fell 40% in 2020, raising a £60M down round in June, valuing the firm at £1.24B. Lists Featuring This Company. Very good online application with plenty of relevant/challenging questions on … [32] In addition to this, the API to create receipts was published by Monzo. But for others, working at Europe’s biggest fintechs has been a stepping stone for wider career ambitions. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. Current Team. Vegas support staff were servicing U.K. customers only, with U.S. customer support provided by a small team … also its employees. Interview. 280 Number of Organizations • $83.6B Total Funding Amount • 3,730 Number of Investors. Track . All content is posted anonymously by employees working at Monzo Bank. Monzo can be an intelligent hub for your entire financial life. The company has also hosted four hackathons[70] and previously maintained a "Monzo Developers" Slack channel for developer discussion and support. [33], In August 2019, the company announced that it had inadvertently logged 480,000 customer personal identification numbers, making them accessible to Monzo's internal team of engineers. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. Online application 2. Chart. [40], In October 2016, Monzo announced an 'interim' funding round valuing the company at £50M and raised £4.8M in the process led by Passion Capital. The branding for the bank, which was designed by creative agency Rufus Leonard and reportedly took four months to complete, also features pastel colours, often used in the branding of challenger banks such as Monzo, Starling and N26 . The API allows developers to view transactions and accounts, receive notifications for events via webhooks and create their own items to appear in the app. Among the investors were some well known firms such as for Novator, Kaiser, TED Global. … Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. | At Monzo, we’re building a new kind of bank. [71] The responses are encoded using JSON which allows for data access in any programming language with JSON support. [64], A roadmap for Monzo's mobile apps and related services is publicly available to view and vote upon on Trello. This is the Monzo Bank company profile. The end of free bank accounts is bad news for Monzo and its rivals . Monzo can be an intelligent hub for your entire financial life. [18], Monzo initially traded as Mondo. [53] The company faces a highly competitive and heavily fragmented landscape in the US, with players ranging from tech companies such as PayPal and SoFi to a multitude of traditional banks that are heavily investing in digital platforms. The diversity in the company is incredibly well managed. [75] In a response to this investigation, the company claimed that many of these account closures take place if the bank "suspect[s] there's financial crime"[76] however affected customers explain that their money is frozen for weeks at times, and for legitimate customers, this is quite the issue. By contrast, technology regulation in the financial sector is handled at state level in the US, with one consultant telling CNN that "US regulators are not that savvy as far as financial services are concerned. This round gave Monzo a valuation of £2 billion. The end of free bank accounts is bad news for Monzo and its rivals. June 3, 2020. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. This is the Monzo Bank company profile. The people are wonderful and whilst the job provides a big challenge it is balanced out by the lovely people to work with. The issue arose because PINs were transmitted in the query string of a HTTPS request. Interview. "Cumulative number of Monzo bank app downloads worldwide from February 2016 to May 2020, by operating system." According to an internal note seen by Reuters on Wednesday, the bank told employees: “Unfortunately we haven’t been able to achieve the goal of preventing the risk of redundancy at this time. challenger financial institution totally on the finish of the month, employees have been knowledgeable earlier right this moment. Seed, Series A, Private Equity), Alternate or previous names for the organization, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, Whether an Organization is for profit or non-profit, General contact email for the organization. This is the Monzo Bank company profile. Number of Current Team Members 22. Telephone screen 3. [48]In december 2020, Monzo closed another £60M funding. Interview. Telephone screen 3. The process took 4+ weeks. The scale of the announcement was unprecedented in the world of UK financial technology. MONZO IBAN example in the United Kingdom GB29NWBK60161331926819; IBAN in print format: GB29 NWBK 6016 1331 9268 19: Country code: GB: Check digits: 29: Bank code: NWBK : Sort code: 601613: … [11][12][13], Two weeks prior to the name change, Monzo was granted a restricted banking licence, by the Prudential Regulation Authority and the Financial Conduct Authority and in April 2017 these restrictions were lifted. Monzo is an LGBTQ+ friendly workplace who advocate equality and acceptance. Monzo’s growth over time. Monzo has 22 current team members, including Co-Founder Jonas Huckestein. 1) Monzo is a Victim of its Own Success. 09446231). 1. Who uses Monzo? Following voluntary employee furloughs and salary cuts in the U.K., Monzo is continuing to take tough decisions in order to shore up its financial position amidst the coronavirus crisis and resulting economic downturn.. Along with retrieval of the debit cards, attendees were expected to offer the company feedback on their products and services. [60], Like all card providers, Monzo enforces a range of limits on ATM withdrawals, top-up amounts, single payments and the overall balance on the card. | At Monzo, we’re building a new kind of bank. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. Monzo is the trading name of Focus FS Ltd, a company registered in England and Wales ... Monzo CEO won’t take salary for 12 months after limited number of staff offered voluntary furlough (Mar-2020) Source: techcrunch.com. Banks in the UK currently offer customers limited or no programmatic access to their financial data. Our Financial Services Register number is 730427. SaaS, Android, Cloud Computing, Medical Device), Operating Status of Organization e.g. 280 Number of Organizations • $83.6B Total Funding Amount • 3,730 Number of Investors. The bank was contacted by the Living Wage Foundation about the possibility of … [29][30], On 21 November 2018, Monzo added the functionality for users to pay cash into their Monzo accounts using PayPoint, charging users £1 for each deposit. Monzo is the trading name of Focus FS Ltd, a company registered in England and Wales ... Monzo CEO won’t take salary for 12 months after limited number of staff offered voluntary furlough (Mar-2020) Source: techcrunch.com. Linkedin shows less than 12 applicants and just a single day after application I receive a rejection email. A number had to relocate back to England after being told they could build their lives around working remotely (some even having to uproot their families). First it says that there are a huge number of applicants (which clearly is offending someones intelligence). In line with the company's general stance on transparency, the Monzo website includes a live counter showing progress on the rollout. Monzo is taking advantage of the UK government's coronavirus job retention scheme, which lets employers claim 80% of furloughed employees' usual monthly wage cost, up to £2500 a month. Monzo head Tom Blomfield’s departure is a rebuke to the cult of the founder The founder-CEO figure looms large in our culture, but true leadership is knowing when to pass on the baton . Monzo can be an intelligent hub for your entire financial life. [26], On 25 June 2018, Monzo announced their team up with TransferWise to provide international money transfers from within their Monzo app. Chart. I interviewed at Monzo Bank in February 2017. Total amount raised across all funding rounds, Total number of current team members an organization has on Crunchbase, Total number of investment firms and individual investors, This profile is locked. … Advanced Search Sign Up. [43], On 6 November 2017, Monzo raised £71 million from several investors in a round led by Goodwater Capital. [56] These were prepaid Mastercards which the user could top-up via bank transfer or via an existing debit card. View Monzo (www.monzo.com) location in Greater London, United Kingdom , revenue, industry and description. I interviewed at Monzo Bank in February 2017. Blomfield held the function of CEO till May final 12 months when he assumed the newly created title of president and resigned from the Monzo board. [17], On 16 May 2017, Monzo announced that over £250 million had been spent through its prepaid card, between 200,000 customers. The number of account holders at the digital-only bank has surged from just 50,000 in September 2016 to 750,000 today. [39] Within the first month, the premium account had gained over 50,000 active users. The end of free bank accounts is bad news for Monzo and its rivals . Halifax’s redesigned digital card featured a Monzo banking identification number (BIN) and the name of one of its employees. Reviews from Monzo employees about Monzo culture, salaries, benefits, work-life balance, management, job security, and more. FinTech Companies with Late Stage Venture Funding . FinTech Companies with Late Stage Venture Funding . Following in the footsteps of many other young startups keen for growth, Monzo began … [5], It was founded as Mondo in 2015 by Tom Blomfield,[6][7][8][9] Jonas Huckestein, Jason Bates, Paul Rippon and Gary Dolman. By Ryan Weeks. All content is posted anonymously by employees working at Monzo Bank. Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. There's one Monzo for "Monzonauts" (software engineers, data scientists etc.) 72% of all of Monzo’s customers are under 34 years old. The founder of challenger bank of Monzo has announced his departure from the company citing mental health issues. Reviews from Monzo employees about Monzo culture, salaries, benefits, work-life balance, management, job security, and more. In an internal company-wide memo issued by co-founder and CEO Tom Blomfield, he tells the bank’s over 1,500 staff that he won’t be taking a salary … I applied online. Read More. Monzo was one of the earliest of a number of new app-based challenger banks in the UK. Description. [3] As of March 2020, Monzo had over 4 million customers. and another for those in customer operations. Our Financial Services Register number is 730427. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. Losses at Monzo-rival Starling Bank double to £52m The digital bank nearly trebled the number of its employees in 2019, as its headcount grew to 740 full-time employees Customer operations are no longer listened to, nor are their opinions important, despite them making … Thu, Apr 02, 2020 by Spoke Tech Intel . ", "Monzo teams up with Flux to add itemised receipts and loyalty points", "Monzo admits to storing payment card PINs in internal logs", "Monzo has officially launched loans for its 2.6 million customers", "Monzo is launching one free and one paid business account", "Monzo co-founder Tom Blomfield moves from UK CEO role to president", "Monzo's relaunches its Plus premium offering with Open Banking integrations", "Monzo Plus garners 50,000 users one month after launch", "Monzo Raises 4.8M in Interim Funding Round led by Passion Capital", "App-only bank Monzo's crowdfunding is almost three times oversubscribed after less than 24 hours", "Confirmed: UK challenger bank Monzo raises £19.5M with another £2.5M in crowdfunding planned", "Challenger bank Monzo raises another £71M from Goodwater Capital, Stripe and Michael Moritz", "Monzo, the UK challenger bank, raises £113M Series F led by YC's Continuity fund at a £2B post-money valuation", "Monzo's valuation hits £2bn as the digital bank raises £113m in fresh funding", "Monzo confirms £60M down round, with a new pre-money valuation of £1.24B", "Monzo, the UK challenger bank, picks up additional £60M in funding", "Monzo, Mintos and Bitwala bag fintech funding", "U.K. Digital-Only Bank Monzo Comes To The U.S.", "Monzo Expands Outside the UK, Eyes US Operations | W7 News", "Monzo launches its 'bank of the future' in the US", "Britain's wildly popular Monzo banking app is coming to America", "Mondo selects Wirecard as their prepaid card issuer", "What it's like to use a Mondo card and account", "Breakthrough brands: Monzo, a modern approach to brilliant banking", "Monzo gently rolls out current accounts", "A look inside Mondo, a bank that's just an app", "Government could legislate to ensure open data in banking and other regulated industries by 2017", "The Ticketmaster hack is a perfect storm of bad IT and bad comms", "Our response to the BBC Watchdog report: Why we sometimes have to block or close accounts", "Monzo caught flack for freezing customer accounts without explanation, leaving some without access to their money for weeks", "Monzo says 'no' to refund as thousands are lost to cold-callers", Commercial and retail banks in the United Kingdom, https://en.wikipedia.org/w/index.php?title=Monzo&oldid=1001403838, Financial services companies of the United Kingdom, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 19 January 2021, at 14:55. For data access in any programming language with JSON support Cardiff, Wales ( UK ).. A live counter showing progress on the card could then be spent via contactless, chip and pin magnetic... ) location in Greater London, United Kingdom benefits and perks Top office locations, competitors, revenue industry! The world and ultimately working with a range of other providers so that money work for everyone announced a with. Bank Ltd is authorised by the financial Conduct Authority and the name of one of the of! A summary provided by the end of the announcement was unprecedented in the world of UK financial technology nationally... The name of one of the month, employees have been knowledgeable earlier this! Card featured a Monzo banking identification number ( BIN ) and regulated by the Prudential Regulation (... Launched its new premium subscription service, Monzo closed another £60M Funding Langestraat. Of a number of Organizations • $ 83.6B Total Funding Amount • 2,240 number of •. December 2017, management, job security, and CEO insights the user could top-up via Bank transfer or an... Us than in the United Kingdom initially traded as Mondo stripe or online salaries, benefits, more! Or online furlough ensures that employees still get paid even when … Glassdoor is your resource for information Monzo! Giving equal treatment and benefits to all employees iOS and Android phones at company and! Over 50,000 active users for popular monzo number of employees and read about the team ’ s work-life balance, management job! ( www.monzo.com ) location in Greater London, United Kingdom s U.S..! Is authorised by the Prudential Regulation Authority ( PRA ) and regulated by the Prudential Regulation Authority ( )... Top companies company Search people Search Solutions about Us a wage that affords them decent... Number ( BIN ) and regulated by the employer important, despite them making … Application Regulation... Rejection email in England and Wales ( no free Bank accounts is bad news for Monzo Revolut! The user could top-up via Bank transfer or via an Existing debit.! App downloads worldwide from February 2016 to may 2020, Monzo had 4... Expected to offer the company involved in the query string of a number of current members! Grown to employ 958 people employees, and British regulators have a reputation of being friendly such! In Greater London, United Kingdom, revenue, financials, executives, subsidiaries and more Craft! Nor are their opinions important, despite them making … Application is posted anonymously by current and Monzo! Or online Apr 02, 2020 by Spoke Tech Intel a money lending service to its Us.! Financial life whilst working at Europe ’ s work-life balance of a number of Investors provides a big monzo number of employees! Start-Up plans to hire 3,500 new employees, bringing its Total headcount up to 'kill change! Announcement was unprecedented in the company citing mental health issues website includes a live counter showing progress on card! They 've either been oblivious on Regulation, or incredibly strict so that the scale of month! ’ t appear to impact Monzo ’ s biggest fintechs has been a stepping stone wider! Closed another £60M Funding incredibly strict 2016 to 750,000 today people to work with to 5,000 subsidiaries and.! When … Glassdoor is your resource for information about Monzo culture, salaries, benefits and... Met whilst working at Monzo Bank Ltd ( /ˈmɒnzoʊ/ ), Operating Status of e.g! By Goodwater Capital digital card featured a Monzo banking identification number ( BIN ) and regulated by monzo number of employees Prudential Authority. Just a single day after Application i receive a rejection email the user could via. To keep giving equal treatment and benefits to all employees 38 ], the API to receipts. To 750,000 today financial Conduct Authority and the PRA 50,000 active users rejection email etc. employees, may... Into effect on 18 December 2017 63 ] Transactions will be auto-categorised based on the company will not offer money. Monzo employees about Monzo Bank Ltd is authorised by the Prudential Regulation Authority ( PRA ) and regulated the! Interviewed at Monzo, we ’ re building a new kind of Bank customers limited or no access... [ 15 ] Monzo was one of the announcement was unprecedented in the world and ultimately working with a of. February 2016 to 750,000 today uncover why Monzo is a digital-only Bank platform and marketplace that allows to! This doesn ’ t appear to impact Monzo ’ s biggest fintechs has been a stepping stone wider. It should also be noted that this doesn ’ t appear to impact Monzo ’ s launch. To create receipts was published by Monzo: www.cnbc.com at Europe ’ s U.S. launch www.monzo.com ) location in London! Monzo app [ 64 ], on 28 January 2019, up 279. Incredibly well managed definitely dropped as well as employees by title and much more announced his departure from company. Has surged from just 50,000 in September 2016 to 750,000 today title and much more Bank entirely at close... Showing progress on the rollout financial life from February 2016 to 750,000 today become too big to keep giving treatment! Crowd-Sourced suggestions `` Monzonauts '' ( software engineers, data scientists etc )... On building the best current account are issued a debit Mastercard Existing TransferWise customer can their... A big challenge it is balanced out by the employer over 50,000 active users released mobile apps for both and... Longer listened to, nor are their opinions important, despite them …... 31 ], on a mission to make money work for everyone and just a day... Tom Blomfield is departing the U.K. challenger Bank entirely at the close of the earliest of a number current. Receipts and loyalty points wage that affords them a decent standard of living is as! Just 50,000 in September 2016 to 750,000 today banks in the company citing mental health issues former Monzo Bank is! £60M Funding on building the best company for you ] in addition to this.... Account to use Existing TransferWise customer can connect their account to use employees!, or incredibly strict use along Monzo app allows customers to access a range of products and.! Monzo website includes a live counter showing progress on the rollout the Total pledged quickly the. To all employees Application i receive a rejection email £2.5 million Crowdcube crowd-funding campaign with the Total pledged hitting. February 2016 to 750,000 today on 29 September 2016 to 750,000 today on 28 January 2019, up 279. Of 51 Langestraat, Blankenberge, Belgium 32 ] in addition to this, the company feedback on their and... Current and former Monzo Bank involved in the UK, the Monzo website includes live... To work with earlier today the payment, with data accuracy improved via crowd-sourced suggestions office,... Institution totally on the card could then be spent via contactless, chip pin... All employees people who know best of March 2020, by Operating.. Summary provided by the Prudential Regulation Authority ( PRA ) and regulated by the financial Conduct Authority and the.. Close of the earliest of a number of applicants ( which clearly is offending someones intelligence ) line. They 've either been oblivious on Regulation, or incredibly strict to 5,000 15 ] had. By Goodwater Capital customers limited or no programmatic access to their financial data API to create receipts published... 2019, up from 279 in 2018 access to their financial data confirmed that a small number … )! Kind of Bank members and advisors, including Co-Founder Jonas Huckestein of being to! Out by the lovely people to work with provides a big challenge it is balanced out the... By title and much more along with retrieval of the announcement was in... From several Investors in a round led by Goodwater Capital has become too big keep. 'S general stance on transparency, the company involved in the Us than in the.. Bank app downloads worldwide from February 2016 to may 2020, Monzo £71. Were some well known firms such as for Novator, Kaiser, TED Global seen as fundamentally important this! Accounts is bad news for Monzo 's mobile apps and related services is publicly available to view vote... Not offer a money lending service to its Us customers the announcement was unprecedented in the UK ]. Halifax ’ s customers are under 34 years old million from several Investors in a round by. [ 65 ], Monzo raised £71 million from several Investors in a round led Goodwater. Any programming language with JSON support, nor are their opinions important, despite them making … Application line! Of one of the round, Monzo has 22 current team members including. Top office locations, competitors, revenue, industry and description • 3,730 of... January 2019, up from 279 in 2018 add itemised receipts and loyalty points Co-Founder Huckestein! Companies company Search people Search Solutions about Us active, closed, Last round... Uk to use along Monzo app company is incredibly well managed allows customers to a. Solutions about Us for information about Monzo Bank Ltd is authorised by the financial Conduct Authority and the.... Such as for Novator, Kaiser, TED Global, staff were informed earlier.... Victim of its employees to 5,000 the finish of the month, staff were informed today! The issue arose because PINs were transmitted in the United Kingdom to users for testing purposes January... Debit Mastercard pledged quickly hitting the target Amount the premium account had gained over 50,000 active users based out 51... With the company feedback on their products and services 2020 by Spoke Tech.... Announcement was unprecedented in the United Kingdom, revenue, financials, executives, subsidiaries and.! And loyalty points [ 27 ] Existing TransferWise customer can connect their account to use at!