Summary
Insights
Monzo, a London-based digital banking platform, shows potential due to its innovative approach and strong backing from investors like Thrive Capital and Y Combinator. Using a B2C SaaS model, Monzo offers user-friendly banking solutions appealing to tech-savvy millennials and Gen Z customers. The company provides competitive services, such as instant transaction notifications and fee-free international spending. However, Monzo faces competition from other digital-first banks and traditional financial institutions that are rapidly digitizing. Successful scaling and maintaining customer trust are crucial for Monzo's growth in the crowded fintech landscape.
Total Funding
$445M
- Series B (2016) $6.1M
- Seed (2015) $2.5M
- Series C (2017) $25.0M
- Series A (2016) $6.4M
- Series E (2024-08-01) $187M
- Unknown (2020-01-01) $75.1M
- Series F (2019-01-01) $143M
Investors
Passion Capital Series B
Blue Wire Capital Seed
Thrive Capital Series C
Orange Ventures Series C
GV Series E
Hedosophia Series E
Hongshan Fund Series E
CapitalG Series E
Accel Unknown
General Catalyst Unknown
Goodwater Capital Unknown
Y Combinator Unknown
Latitude Series F