Uk-based fintech startup Monzo (originally named Mondo) was founded in 2015 by Tom Blomfield and his team with the goal of creating a mobile-first alternative to traditional banking.The company was approved for a UK banking license in August 2016. This pitch deck was used to raise an equity crowdfunding round in March 2017, shortly after their Series C led by Thrive Capital. Just a little over a year later, Monzo achieved a "unicorn" ($1 billion+) valuation in Oct 2018 after an £85M Series E funding round.At the time this deck was circulated in 2017, Monzo reported they had grown to over 120,000 accounts with 60% using their cards weekly. As of late 2025, Monzo has surpassed 14 million customers in the UK with over 70% MAUs. .
2017 • Late Stage
Monzo is a digital-first bank designed to provide a straightforward banking experience with affordable fees and full transparency.
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