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Monzo Bank
Unicorn · $5BYC otherLondon, GB · Founded 2015 · 2,450 employees · 26 known investors
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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· Y Combinator alumni (other)
Monzo Bank was founded in 2015 by Tom Blomfield, Jonas Templestein, Jason Bates, Paul Rippon, and Gary Dolman.
Investors · 26
How we know: CapitalG's portfolio page · a partner's Signal profile · press coverage · techcrunch.com · Not right? Tell us
How we know: GV (Google Ventures)'s portfolio page · techcrunch.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: press coverage · fintechfutures.com · Not right? Tell us
How we know: Passion Capital's portfolio page · board seat on SEC Form D · techcrunch.com · Not right? Tell us
How we know: funding news · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Alanda Capital Holding Limited's portfolio page · Not right? Tell us
How we know: Alpha Wave Global's portfolio page · Not right? Tell us
How we know: Avid Ventures's portfolio page · Not right? Tell us
How we know: Blue Wire Capital's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
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How we know: Fabric Ventures's portfolio page · Not right? Tell us
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How we know: General Catalyst's portfolio page · techcrunch.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Goodwater Capital's portfolio page · a partner's Signal profile · the VCSheet dataset · Not right? Tell us
How we know: techcrunch.com · hongshan.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: nzt.capital's portfolio page · Not right? Tell us
How we know: Phoenix Court's portfolio page · Not right? Tell us
How we know: the Y Combinator directory · company funding news (hacker news) · techcrunch.com · Not right? Tell us
How we know: press coverage · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: techcrunch.com · Not right? Tell us
Funding
SEC filings, press & company announcements$1.8B disclosed across 6 of 7 rounds · 2018–2024
- $190MExtensionMay 2024
Hedosophia (lead), CapitalG, GIC
Source ↗ - $430MSeries IMar 2024
CapitalG (lead), GV (Google Ventures), HongShan Capital, Passion Capital, Tencent Holdings
Source ↗ - Undisclosed amountSeries EOct 2018Source ↗
▶$431MraisedMar 2024 · 17 investors · Other Banking and Financial ServicesRule 506(b)
- 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)
- 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)
- 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)
- 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 eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Founder mafia
21 people who came through Monzo Bank went on to found or lead other companies.
+ 9 more
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 2026Frequently asked questions
- What does Monzo Bank 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 Bank?
- Monzo Bank was founded by Tom Blomfield, Jonas Templestein, Jason Bates, Paul Rippon, Gary Dolman in 2015.
- Who are Monzo Bank's investors?
- Monzo Bank's investors include CapitalG, GV (Google Ventures), Hedosophia, Passion Capital, Tencent Holdings, Accel, Alanda Capital Holding Limited, Alpha Wave Global and 18 more.
- How much funding has Monzo Bank raised?
- Monzo Bank has disclosed $1.8B raised across 6 of its 7 known rounds.
- Where is Monzo Bank headquartered?
- Monzo Bank is headquartered in London, GB.