Locations
England, UK · London, UK · Mile End, London, UK · Kingston Vale, London SW15, UK
industry
Commerce and Shopping · Finance · Lending and Investments
Size
1001-5000 employees
Stage
Other
founded in
2015
Monzo (previously Mondo) is a bank for people who live their lives on their smartphones and is targeted at people who want to get things done with a click and who don’t see the need for branches and checkbooks. One of the key features that distinguishes Monzo from traditional banks is its app-based approach, which provides users with real-time updates on their spending, categorized transactions, budgeting tools, and instant notifications for transactions. Monzo also offers features like ''Pots,'' which are sub-accounts that allow users to set money aside for specific purposes, and ''Monzo Plus,'' a premium subscription service that offers additional features like custom card designs and travel insurance.
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