Monzo Bank key financial figures 2018-2025
Established in 2015, Monzo is a UK-based retail bank offering current accounts to individuals, limited companies, and sole traders. With no physical branches, it is part of a growing wave of challenger banks that operate entirely online via mobile apps. In 2024/25, Monzo experienced significant growth across all key financial metrics, reinforcing its position as a leading digital bank on an upward trajectory.
Key figures
In 2025, Monzo added *** million new customers compared to the previous year. The challenger bank also saw a sharp rise in customer deposits, which surpassed ** billion British pounds. Perhaps most notably, net profit soared to over ** million British pounds in 2024/25 - up from just under **** million British pounds the year before - marking a significant leap in the bank’s financial performance.
Disruptor banks
Banking and financial services are typically among the first industries to embrace technological advances; starting as far back in time as the appearance of automated teller machines (ATMs) and credit cards. Ever since the first secure Internet systems for financial operations became available on a large scale, accessing one's bank account online to carry out transactions, pay off credit cards, establish credit lines or invest savings became one of the fastest growing areas of Internet activities. The penetration of online banking in Great Britain has been excelled in part to the agility in which digital banks can adapt and evolve, as well as their ability to attract large amounts of funding.
