(7 August 2024 – United Kingdom) British neobank Monzo announced that it has surpassed almost half a million business customers and more than 10 million personal customers.
The group added two million new customers in the past year with 450,000 business customers. The most compelling statistic is the average Monzo user has 38 friends who also use Monzo. The company is planning to expand into Europe through a new Dublin office in Ireland.
“What a milestone to add to an already brilliant year! In just under 12 months, two million more customers have chosen Monzo, which means that now one in five UK adults is a Monzo customer. Welcoming more than ten million people to Monzo is an amazing opportunity and ensures more people than ever can experience the Monzo magic” commented Monzo CEO TS Anil.
“Our uniqueness is in our connection with our customers – and it’s something we’ll stay laser-focused on as we continue to grow and build more game-changing products that transform peoples’ financial lives. We’ve done so much already but we’re just getting started – I’m so excited about what’s next for Monzo.”