We’re incredibly excited to announce a new round of funding, welcoming Y Combinator Continuity and Latitude as our newest investors. They’re investing £113 million in Monzo, alongside our existing investors.
Today, more than two million people are using Monzo. In May alone more than 200,000 new people joined, and June looks set to be even bigger!
A few weeks ago, we also announced our plans to start rolling out Monzo in the USA. And in the past few months we’ve really started to deliver on our vision to build Monzo into a marketplace, that lets you access a choice of products and services from across the market, and manage them conveniently through Monzo. You can now earn interest on your savings with savings accountsprovided by other banks, switch energy supplier straight through the app, and even start adding on extra features to your account with Monzo Plus. We’ve also started rolling out Monzo Business Accounts to more of the 15,000 business owners on our waiting list.
There’s a lot going on! And with this new round of funding, we’re confident that we’re moving in the right direction on our mission to make money work for everyone.
That’s all thanks to you, whether you’ve just joined Monzo or been with us from the very beginning. You make Monzo, Monzo. Thank you! 🧡