MARKET VALUATION

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One in 20 adults in the UK carry Monzo ’ s hot-coral-coloured card in their wallet , and with over 55,000 individuals signing up every week , this number is only set to increase . Monzo achieved unicorn status in 2018 , following an £ 85mn fundraising round from US venture capital investors . The digital-only bank has disrupted the payment space with its commitment to helping customers be smarter with money . A particularly interesting feature of Monzo is that it has a block feature for gambling , which was used by more than 140,000 individuals in October 2019 . According to an interview with Wired , CEO Tom Blomfield hopes to move onto a junkfood block . Monzo was also one of the first digital banks to offer “ pots ” within a customer ’ s account , which can be customised around its purpose to the customer .

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