FinTech Magazine July 2024 | Page 38

MONZO
TOP 10

05

TS Anil CEO , Monzo

MONZO

REVENUE : US $ 444.93M FY2023 EMPLOYEES : 2,500 CEO : TS ANIL FOUNDED : 2015
Another UK-based challenger bank , Monzo is among the most successful globally . Growing from a mobile application and prepaid debit card service in 2015 , today Monzo has over 9 million customers nationwide . The neobank has introduced a series of new products and services in recent times , including its buy now , pay later ( BNPL ) product Monzo Flex , which was introduced to support consumers in managing expenses during the cost of living crisis . Monzo has also recently redesigned its mobile app and homepage , making navigation even easier for customers . 38 July 2024