Competitor Profile: Monzo

Competitor Profile: Monzo

Summary

This report provides information and insight into Monzo, including comprehensive coverage of its products and services, comparative assessment with key competitors, information on its performance and revenue model, and important events and milestones.

Monzo is a provider of mobile retail and business banking services. By offering retail banking services within a banking app, it enables customers to see all their financial information in an intuitive and engaging way. Monzo partners with a number of different companies to offer a full banking experience.

Scope

• Monzo now boasts over 2 million customers.
• The bank has raised over $350m in funding and is valued at over $1bn.
• Monzo started offering business accounts from February 2019.

Reasons to buy

• Gain insight into Monzo’s business operations and key events.
• Explore its product portfolio and open banking model.
• Assess the competitive dynamics in the retail banking industry by comparing Monzo’s performance against competitors.