Monzo Bank key figures 2018-2025
Founded in 2015, Monzo is a UK-based digital bank offering current accounts for individuals, limited companies, and sole traders. Operating entirely online without physical branches, Monzo is part of a growing wave of challenger banks leveraging mobile apps to deliver banking services. The bank saw strong growth in 2024/25, with key performance indicators showing consistent improvement.
Key figures
By 2025, Monzo had grown its customer base to **** million, up from around *** million the previous year. To support this expansion, the bank also increased its workforce, surpassing ***** employees. Customer deposits and gross lending saw significant growth, more than doubling over the past two years. Other key financial metrics also strengthened, underscoring Monzo’s continued upward trajectory as a leading digital bank.
Competitors
Arguably the most prominent disruptor bank to emerge from Europe is London-based Revolut. Since its incorporation in December 2013, Revolut has experienced exponential growth in financial metrics and customer numbers. Another highly successful app-based bank is Berlin-based N26, which reached a major milestone of eight million customers in 2023.
