Overview
Monzo is a UK digital bank with ~16M customers and a full UK banking license. Last formal valuation: £4.5B (October 2024 employee share sale).
Recent Developments
- 2026-09-28: In early talks to be acquired by nubank at £8–10B; hired Morgan Stanley, Qatalyst, and Slaughter and May (2026-09-28-nubank-monzo-acquisition-axios)
- Alternative path: new funding round >£8B for mainland Europe expansion
- FY2026 (to March): £87.3M pretax profit, £1.7B revenue (per secondary reporting)