# Monzo Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monzo-bank

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.monzo.com
- Total disclosed funding: $1.7B
- Latest round: Series I (May 15, 2024)
- Investors on record: 22

## About

Established in 2015 and based in London, UK, Monzo Bank Limited is a British digital bank. In May 2024, Monzo Bank Limited raised GBP 150 million in Series I funding from Hedosophia, GIC, and CapitalG. The funding was part of a larger GBP 490 million series I round. The round valued Monzo Bank Limited at 4.1 billion post-money. As of 2024, the company is led by its CEO, TS Anil.

Monzo Bank offers current accounts and prepaid debit cards through a mobile app. The firm’s business account provides features such as mobile banking and instant transfers.

The company plans to use the funds raised in May 2024 to expand its market in the US.

## Funding rounds

- Series I, May 15, 2024, $188M — GIC, CapitalG, Hedosophia
- Series I, Mar 19, 2024, $433M — GV, Passion Capital, CapitalG, HSG, Tencent Investment
- Series H, Dec 8, 2021, $597M — Accel, Coatue Management, Tencent Investment, Alpha Wave Global, Goodwater Capital, Abu Dhabi Growth Fund
- Series G, Jun 15, 2020, $74M — Accel, General Catalyst Partners, Reference Capital Management, Thrive Capital, Y Combinator, Passion Capital, Stripe, Inc., Vanderbilt University, Goodwater Capital, Orange Ventures
- Series F, Jun 21, 2019, $144M — Accel, General Catalyst Partners, Thrive Capital, Passion Capital, Y Combinator Management, LLC, Stripe, Inc., Goodwater Capital, Orange Ventures, LocalGlobe
- Series E, Oct 30, 2018, $109M — Accel, General Catalyst Partners, Thrive Capital, Passion Capital, Stripe, Inc., Goodwater Capital, Orange Ventures
- Series D, Nov 6, 2017, $93M — Thrive Capital, Passion Capital, Stripe, Inc., Goodwater Capital, Orange Ventures, Crankstart Foundation
- Series C, Feb 23, 2017, $24M — Thrive Capital, Passion Capital, Orange Ventures
- Seed, Apr 21, 2015, $3M — Passion Capital

## Investors

- Passion Capital — Seed, Series C, Series D, Series E, Series F, Series G, Series I
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series C, Series D, Series E, Series F, Series G
- Orange Ventures — Series C, Series D, Series E, Series F, Series G
- Stripe, Inc. — Series D, Series E, Series F, Series G
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Series D, Series E, Series F, Series G, Series H
- Crankstart Foundation — Series D
- Accel (https://capitalatlas.ai/funds/accel) — Series E, Series F, Series G, Series H
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series E, Series F, Series G
- Y Combinator Management, LLC — Series F
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series F
- Reference Capital Management (https://capitalatlas.ai/funds/reference-capital-management) — Series G
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series G
- Vanderbilt University — Series G
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series H
- Tencent Investment — Series H, Series I
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series H
- Abu Dhabi Growth Fund — Series H
- GV (https://capitalatlas.ai/funds/gv) — Series I
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series I
- HSG (https://capitalatlas.ai/funds/hsg) — Series I
- GIC — Series I
- Hedosophia (https://capitalatlas.ai/funds/hedosophia) — Series I