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Lessons from the book of money

MONZO

Founded: 2015 Headquarters: London, UK CEO: TS Anil

Monzo started as a UK prepaid card company in 2015 and has grown into a digital banking trendsetter with more than 8 million customers. The Londonbased challenger bank achieved profitability in 2023 by combining customer-friendly features with diverse revenue streams. Known for its distinctive coral-coloured cards, Monzo pioneered instant spending notifications and shared tabs for splitting bills. Its user-friendly budgeting tools, built-in savings pots and transparent fee structure have made it especially popular with millennials and Gen Z customers. The bank’ s innovative approach to financial well-being includes gambling blocks and salary sorting features.

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