Monzo Bank is an online bank based in the United Kingdom
Monzo Bank Ltd , is an online bank based in the United Kingdom. Monzo was one of the earliest of a number of new app-based challenger banks in the UK.Originally operating through a mobile app and a prepaid debit card, in April 2017 its UK banking licence restrictions were lifted, enabling it to offer a full current account. As of March 2020, Monzo had over 4 million customers. Their most recent financial results issued in July 2020, showed an annual net loss of £113.8M, an increase from the £47.1M lost in the previous year.
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