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
- 2024 Series E $187M
- 2020 Unknown $75.1M
- 2019 Series F $143M
- 2017 Series C $25.0M
- 2016 Series B $6.1M
- 2016 Series A $6.4M
- 2015 Seed $2.5M
Investors
GV Series E
Hedosophia Series E
Passion Capital Series E
Hongshan Fund Series E
CapitalG Series E
Accel Unknown
General Catalyst Unknown
Goodwater Capital Unknown
Y Combinator Unknown
Latitude Series F
Thrive Capital Series C
Orange Ventures Series C
Blue Wire Capital Seed