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Year in
review
“Monzo has been around for seven years – we’re now Britain’s biggest digital bank and have been voted the best British bank by customers.”
TS Anil, Monzo CEO
6 million+
people now bank with Monzo
100,000+
people open an account every month
90% joined us through word of mouth
Otherwise known as ‘organic growth’, it’s people opening an account because a friend or family member told them about us.
0%
organic growth
Monzo Plus, Monzo Premium and Monzo Business customers as of June 2022
We’re playing an even bigger part in people’s lives
Deposits up 42%
Active customers open the Monzo app more than twice a day
Card spend up 50%
Revenue is up more than 90%
£270 million annual revenue run rate as of June 2022
Annual revenue run rate is an indicator that takes a month's income and multiplies it by 12 to give us a full-year equivalent.
We launched Monzo Flex
A better way to pay later
19% APR representative (variable).
Flex is credit for eligible Monzo customers over 18 years old. Ts&Cs apply.
We invested in our team and we were named #1 for Overall Service Quality Independent Competition and Markets Authority survey carried out in Great Britain by Ipsos Mori between January 2021 and December 2021. Learn more here.
44% of our board and executive committee are women
People of Colour in leadership roles increased from 15.2% to 21.7%
Launched a leading 3-month paid sabbatical
First UK bank to provide a pregnancy loss policy
Gender Pay Gap reduced to 4%
“We’re investing and building not just for the Monzo of today, but for the Monzo that will serve many more millions globally in the decades to come. Our mission is to make money work for everyone – and Monzo is perfectly poised to become the one app customers use to manage their entire financial lives.” TS Anil, Monzo CEO
Download full report You can also download our Pillar 3 disclosures