Monzo
Unicorn · $5BLondon, GB · Founded 2015 · 5,777 employees on LinkedIn · 19 known investors
Find your way into Monzo
4,185 people in our graph share verified history with the Monzo team — schools, employers, funds. One of them is your warm intro.
Alex Tranunlockedknows Paul Rippon · together at Monzo Bank (overlapped)
×4knows the team · via Anthropic
knows the team · via ABN AMRO
knows the team · via Lloyds Bank
knows the team · via Y Combinator
knows the team · via University of Oxford
Monzo is a UK digital bank offering personal and joint current accounts managed through a mobile banking app, with features including balance checking, UK and international transfers, cheque deposits, and arranged overdrafts. It serves retail banking customers in the United Kingdom.
Founders & leadership
Monzo was founded in 2015 by Tom Blomfield, Jonas Templestein, Jason Bates, Paul Rippon, and Gary Dolman.
TB
Tom Blomfieldin𝕏Co-founder · President2020–2021Tom Blomfield co-founded Monzo in 2015 and was its CEO until 2020, growing the app-only bank past nine million customers and running the crowdfunding rounds that made it a household name in the UK. He had already co-founded GoCardless and stepped back from Monzo citing his mental health; he later became a group partner at Y Combinator.
JT
Jonas Templesteinin𝕏Co-Founder & CTOJonas Templestein — who co-founded Monzo in 2015 under the name Jonas Huckestein — was its chief technology officer for nine years, building the bank's core ledger and engineering team before leaving in December 2023. He had worked with Tom Blomfield at GoCardless and now runs iterate.com.
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Jason Batesin𝕏Co-FounderJason Bates co-founded Monzo in 2015 and left early to co-found Starling Bank's rival 11:FS, the fintech consultancy and Foundry business he now runs as deputy CEO.
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Paul RipponinCo-FounderPaul Rippon co-founded Monzo in 2015 and served as its deputy CEO, having spent most of his career in banking operations and risk. He left in 2019 and now farms alpacas in Northumberland.
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Gary DolmaninCo-Founder & former CFOGary Dolman co-founded Monzo in 2015 as its chief financial officer, the role he had held at Allied Irish Bank's UK arm, and saw the bank through its banking licence and its first equity rounds before leaving in 2018.
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Susan AdamsinExecutive
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Alwyn JonesinExecutive
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Stephanie PagniinExecutive
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Iain LainginExecutive
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Anil TummalapalliExecutive
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James DaviesinExecutive
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Matej PfajfarinExecutive
Investors · 19
CapitalG✓ verifiedSan Francisco · $50M – $100M
GV (Google Ventures)✓ verifiedMountain View · $250K – $50M
Hedosophia✓ verifiedLondon
Tencent Holdings✓ verifiedShenzhen · $3.9M – $400M
Passion Capital✓ verifiedLondonvia Eileen Burbidge · board
AccelPalo Alto · $1.6M – $70M
Alpha Wave GlobalMiami
Avid VenturesNew York City · $500K – $8M
Blue Wire CapitalLondon · $50K – $300K
Coatue ManagementNew York · $1M – $20M
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Fabric VenturesLuxembourg · $300K
G SquaredChicago
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General CatalystSan Francisco · $30M
Goodwater CapitalBurlingame · $5M – $50M
ICONIQSan Francisco
Phoenix CourtLondon
GICreportedSingapore
Y CombinatorreportedSan Francisco · $500K
Also in the syndicate · 1
HongShan Capital
Funding
SEC filings, press & company announcements$1.8B disclosed across 6 rounds · 2019–2024
- $190MExtensionMay 2024
Hedosophia (lead), CapitalG, GIC
Source ↗ - $430MSeries IMar 2024
CapitalG (lead), GV (Google Ventures), HongShan Capital, Passion Capital, Tencent Holdings
Source ↗
▶$431MraisedMar 2024 · 17 investors · Other Banking and Financial ServicesRule 506(b)
▶$431MraisedMar 2024 · 17 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Stephanie PagniExecutive Officer
- Iain LaingExecutive Officer
- Anil TummalapalliExecutive Officer, Director
- Eileen BurbidgeDirector
- Matthew BrombergDirector
- Elizabeth RunhamDirector
- James DaviesExecutive Officer, Director
- Matej PfajfarExecutive Officer
- Amy KirkDirector
- Sarah ManningExecutive Officer
- Valerie DiasDirector
- Fiona McBainDirector
- Kunal MalaniExecutive Officer
- Fernando FantonExecutive Officer
- Gary HoffmanDirector
- Offering amount
- $431M
- Amount sold
- $431M
- First sale
- Mar 2024
- Incorporated
- Corporation, United Kingdom, 2023
- Federal exemptions
- 06b
▶$477.3MraisedDec 2021 · 21 investors · Commercial BankingRule 506(b)
▶$477.3MraisedDec 2021 · 21 investors · Commercial Banking
Rule 506(b)Officers, directors & promoters on the filing
- Keith WoollardDirector
- James DaviesDirector
- Phillip RieseDirector
- Jonas TemplesteinExecutive Officer
- Eileen BurbidgeDirector
- Anil S. TummalapalliExecutive Officer, Director
- Sujata BhatiaExecutive Officer
- Valerie DiasDirector
- Rachel MooneyExecutive Officer
- Amy KirkDirector
- Mike HudackExecutive Officer
- Iain LaingExecutive Officer
- Fiona McBainDirector
- Gary HoffmanDirector
- Stephanie PagniExecutive Officer
- Offering amount
- $477.3M
- Amount sold
- $477.3M
- Sales commissions
- $19.2M
- Placement agents
- Financial Technology Partners LP/FTP Securities LLC
- First sale
- Dec 2021
- Incorporated
- Corporation, United Kingdom
- Federal exemptions
- 06b
▶$166.2MraisedDec 2020 · 27 investors · Commercial BankingRule 506(b)
▶$166.2MraisedDec 2020 · 27 investors · Commercial Banking
Rule 506(b)Officers, directors & promoters on the filing
- Mike HudackExecutive Officer
- Sujata BhatiaExecutive Officer
- Jonas HuckesteinExecutive Officer
- Anil S. TummalapalliExecutive Officer, Director
- Fiona McBainDirector
- Phillip RieseDirector
- Alwyn JonesExecutive Officer, Director
- Eileen BurbidgeDirector
- Iain LaingExecutive Officer
- Keith WoollardDirector
- Amy KirkDirector
- Gary HoffmanDirector
- Miles GrimshawDirector
- Thomas BlomfieldExecutive Officer
- Offering amount
- $332.5M
- Amount sold
- $166.2M
- Sales commissions
- $20.5K
- Placement agents
- Credit Suisse AG
- First sale
- Jun 2020
- Incorporated
- Corporation, United Kingdom, 2015
- Federal exemptions
- 06b
▶$143.4MraisedJun 2019 · 19 investors · Commercial BankingRule 506(b)
▶$143.4MraisedJun 2019 · 19 investors · Commercial Banking
Rule 506(b)Officers, directors & promoters on the filing
- Gary HoffmanDirector
- Miles GrimshawDirector
- Thomas BlomfieldExecutive Officer, Director
- Timothy BrookeDirector
- Susan AdamsExecutive Officer
- Amy KirkDirector
- Keith WoollardDirector
- Alwyn JonesExecutive Officer, Director
- Eileen BurbidgeDirector
- Offering amount
- $143.4M
- Amount sold
- $143.4M
- First sale
- Jun 2019
- Incorporated
- Corporation, United Kingdom, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed events$5Bvaluation at Series IMar 2024
filing ↗Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Founder mafia
4 people who came through Monzo went on to found or lead other companies.
In the news
Monzo chairman Gary Hoffman to stand down after nearly eight years - Tech.eutech.eu · Aug 2026
New Monzo CEO "huge advocate" of Monzo's business bank - Tech.eutech.eu · Aug 2026
Monzo and Lovable backer Accel raises enlarged $800M early-stage fund - Tech.eutech.eu · Aug 2026Frequently asked questions
- What does Monzo do?
- Monzo is a UK digital bank offering personal and joint current accounts managed through a mobile banking app, with features including balance checking, UK and international transfers, cheque deposits, and arranged overdrafts. It serves retail banking customers in the United Kingdom.
- Who founded Monzo?
- Monzo was founded by Tom Blomfield, Jonas Templestein, Jason Bates, Paul Rippon, Gary Dolman in 2015.
- Who are Monzo's investors?
- Monzo's investors include CapitalG, GV (Google Ventures), Hedosophia, Tencent Holdings, Passion Capital, Accel, Alpha Wave Global, Avid Ventures and 10 more.
- How much funding has Monzo raised?
- Monzo has disclosed $1.8B raised across 6 rounds.
- Where is Monzo headquartered?
- Monzo is headquartered in London, GB.