Monzo valuation, funding and investors

Monzo works in personal banking account services, based in London, United Kingdom. Founded in 2015, it has about 5,630 employees.

Banks & ATMs London Series I

VALUATION · TODAY

$9.65B +0% after Series H+

Range $5.52B – $13.70B · Grade B

TODAY

+12 MO

$5.00B

$10.00B

$15.00B

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series C $27.4M

Series D $93.0M

Growth $144M

Growth $100M

Growth $190M

Series H+ $534M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY5,631 employees

+22%6m growth

+41%1y growth

+76%2y growth

2,500

5,000

7,500

Data from Jan 2021

TODAY

Predicted in 1 yr $9.65B +0% vs today

Predicted next raise $1.16B if a round comes

Winding-down probability 0%

Last round: Series H+ · $534M · Dec 2024
Valuation at last round: $6.64B · implied
Headcount: 5,631 · growing
Grade: B
Founded: 2015

How VCMC values companies →

Monzo valuation today

VCMC values Monzo at $9.7B today, with a range of $5.5B to $13.7B and a grade of B. The valuation starts from its last funding round, a Series H+ round in Dec 2024.

Valuation by date (148 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Monzo: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2015	$4.17M	$1.52M – $11.5M	$4.37M (+5%)	before first round	–	unknown	D	0%
1 Feb 2015	$4.19M	$1.52M – $11.5M	$4.39M (+5%)	before first round	–	unknown	D	0%
1 Mar 2015	$4.20M	$1.53M – $11.5M	$4.40M (+5%)	before first round	–	unknown	D	0%
1 Apr 2015	$4.22M	$1.54M – $11.6M	$4.42M (+5%)	before first round	–	unknown	D	0%
1 May 2015	$4.24M	$1.54M – $11.6M	$4.44M (+5%)	before first round	–	unknown	D	0%
1 Jun 2015	$4.25M	$1.55M – $11.7M	$4.46M (+5%)	before first round	–	unknown	D	0%
1 Jul 2015	$4.27M	$1.55M – $11.7M	$4.47M (+5%)	before first round	–	unknown	D	0%
1 Aug 2015	$4.29M	$1.56M – $11.8M	$4.59M (+7%)	before first round	–	unknown	D	0%
1 Sep 2015	$4.30M	$1.57M – $11.8M	$4.71M (+10%)	before first round	–	unknown	D	0%
1 Oct 2015	$4.32M	$1.57M – $11.9M	$4.84M (+12%)	before first round	–	unknown	D	0%
1 Nov 2015	$4.34M	$1.58M – $11.9M	$4.97M (+15%)	before first round	–	unknown	D	0%
1 Dec 2015	$4.35M	$1.59M – $12.0M	$5.10M (+17%)	before first round	–	unknown	D	0%
1 Jan 2016	$4.37M	$1.59M – $12.0M	$5.24M (+20%)	before first round	–	unknown	D	0%
1 Feb 2016	$4.39M	$1.60M – $12.1M	$5.38M (+23%)	before first round	–	unknown	D	0%
1 Mar 2016	$4.41M	$1.60M – $12.1M	$5.52M (+25%)	before first round	–	unknown	D	0%
1 Apr 2016	$4.42M	$1.61M – $12.1M	$5.67M (+28%)	before first round	–	unknown	D	0%
1 May 2016	$4.44M	$1.62M – $12.2M	$5.82M (+31%)	before first round	–	unknown	D	0%
1 Jun 2016	$4.46M	$1.62M – $12.2M	$5.97M (+34%)	before first round	–	unknown	D	0%
1 Jul 2016	$4.47M	$1.63M – $12.3M	$6.13M (+37%)	before first round	–	unknown	D	0%
1 Aug 2016	$4.59M	$1.67M – $12.6M	$6.30M (+37%)	before first round	–	unknown	D	0%
1 Sep 2016	$4.72M	$1.72M – $13.0M	$6.47M (+37%)	before first round	–	unknown	D	0%
1 Oct 2016	$4.84M	$1.76M – $13.3M	$6.64M (+37%)	before first round	–	unknown	D	0%
1 Nov 2016	$4.97M	$1.81M – $13.7M	$6.82M (+37%)	before first round	–	unknown	D	0%
1 Dec 2016	$5.10M	$1.86M – $14.0M	$7.00M (+37%)	before first round	–	unknown	D	0%
1 Jan 2017	$5.24M	$1.91M – $14.4M	$7.18M (+37%)	before first round	–	unknown	D	0%
1 Feb 2017	$5.38M	$1.96M – $14.8M	$7.38M (+37%)	before first round	–	unknown	D	0%
1 Mar 2017	$5.51M	$2.01M – $15.1M	$7.56M (+37%)	before first round	–	unknown	D	0%
30 Mar 2017	$133M	$116M – $199M	$173M (+30%)	after a round	–	unknown	A	0%
1 Apr 2017	$133M	$116M – $199M	$173M (+30%)	after a round	–	unknown	A	0%
1 May 2017	$136M	$116M – $199M	$173M (+27%)	after a round	–	unknown	A	0%
1 Jun 2017	$139M	$116M – $199M	$173M (+24%)	after a round	–	unknown	A	0%
1 Jul 2017	$142M	$116M – $199M	$173M (+22%)	after a round	–	unknown	A	0%
1 Aug 2017	$145M	$116M – $199M	$173M (+19%)	after a round	–	unknown	A	0%
1 Sep 2017	$149M	$116M – $199M	$173M (+16%)	after a round	–	unknown	A	0%
1 Oct 2017	$152M	$116M – $199M	$173M (+14%)	after a round	–	unknown	A	0%
1 Nov 2017	$155M	$116M – $199M	$173M (+11%)	after a round	–	unknown	A	0%
7 Nov 2017	$517M	$364M – $952M	$671M (+30%)	after a round	–	unknown	B	0%
1 Dec 2017	$526M	$364M – $952M	$671M (+28%)	after a round	–	unknown	B	0%
1 Jan 2018	$537M	$364M – $952M	$671M (+25%)	after a round	–	unknown	B	0%
1 Feb 2018	$550M	$364M – $952M	$671M (+22%)	after a round	–	unknown	B	0%
1 Mar 2018	$561M	$364M – $952M	$671M (+20%)	after a round	–	unknown	B	0%
1 Apr 2018	$573M	$364M – $952M	$671M (+17%)	after a round	–	unknown	B	0%
1 May 2018	$586M	$364M – $952M	$671M (+15%)	after a round	–	unknown	B	0%
1 Jun 2018	$599M	$364M – $952M	$671M (+12%)	after a round	–	unknown	B	0%
1 Jul 2018	$612M	$364M – $952M	$671M (+10%)	after a round	–	unknown	B	0%
1 Aug 2018	$626M	$364M – $952M	$671M (+7%)	after a round	–	unknown	B	0%
1 Sep 2018	$640M	$364M – $952M	$671M (+5%)	after a round	–	unknown	B	0%
1 Oct 2018	$654M	$364M – $952M	$671M (+3%)	after a round	–	unknown	B	0%
1 Nov 2018	$669M	$364M – $952M	$671M (0%)	after a round	–	unknown	B	0%
1 Dec 2018	$671M	$351M – $952M	$671M (0%)	after a round	–	unknown	B	0%
1 Jan 2019	$671M	$335M – $952M	$671M (0%)	after a round	–	unknown	B	0%
1 Feb 2019	$671M	$320M – $952M	$671M (0%)	after a round	–	unknown	B	0%
1 Mar 2019	$671M	$306M – $952M	$671M (0%)	after a round	–	unknown	B	0%
1 Apr 2019	$671M	$293M – $952M	$671M (0%)	after a round	–	unknown	B	0%
1 May 2019	$671M	$280M – $952M	$671M (0%)	after a round	–	unknown	C	0%
1 Jun 2019	$671M	$267M – $952M	$671M (0%)	after a round	–	unknown	C	0%
26 Jun 2019	$2.6B	$2.2B – $3.2B	$2.8B (+10%)	after a round	–	unknown	A	0%
1 Jul 2019	$2.6B	$2.2B – $3.2B	$2.8B (+10%)	after a round	–	unknown	A	0%
1 Aug 2019	$2.6B	$2.2B – $3.2B	$2.8B (+9%)	after a round	–	unknown	A	0%
1 Sep 2019	$2.6B	$2.2B – $3.2B	$2.8B (+8%)	after a round	–	unknown	A	0%
1 Oct 2019	$2.6B	$2.2B – $3.2B	$2.8B (+7%)	after a round	–	unknown	A	0%
1 Nov 2019	$2.6B	$2.2B – $3.2B	$2.8B (+6%)	after a round	–	unknown	A	0%
1 Dec 2019	$2.7B	$2.2B – $3.2B	$2.8B (+6%)	after a round	–	unknown	A	0%
1 Jan 2020	$2.7B	$2.2B – $3.2B	$2.8B (+5%)	after a round	–	unknown	A	0%
1 Feb 2020	$2.7B	$2.2B – $3.2B	$2.8B (+4%)	after a round	–	unknown	A	0%
1 Mar 2020	$2.7B	$2.2B – $3.2B	$2.8B (+3%)	after a round	–	unknown	A	0%
1 Apr 2020	$2.7B	$2.2B – $3.2B	$2.8B (+2%)	after a round	–	unknown	A	0%
1 May 2020	$2.8B	$2.2B – $3.2B	$2.8B (+1%)	after a round	–	unknown	A	0%
1 Jun 2020	$2.8B	$2.2B – $3.2B	$2.8B (+1%)	after a round	–	unknown	A	0%
1 Jul 2020	$2.8B	$2.2B – $3.2B	$2.8B (0%)	after a round	–	unknown	A	0%
1 Aug 2020	$2.8B	$2.1B – $3.2B	$2.8B (0%)	after a round	–	unknown	A	0%
1 Sep 2020	$2.8B	$2.0B – $3.2B	$2.8B (0%)	after a round	–	unknown	A	0%
1 Oct 2020	$2.8B	$1.9B – $3.2B	$2.8B (0%)	after a round	–	unknown	A	0%
1 Nov 2020	$2.8B	$1.8B – $3.2B	$2.8B (0%)	after a round	–	unknown	A	0%
1 Dec 2020	$2.8B	$1.7B – $3.2B	$2.8B (0%)	after a round	–	unknown	B	0%
1 Jan 2021	$2.8B	$1.6B – $3.2B	$2.8B (0%)	after a round	1,100	unknown	B	0%
1 Feb 2021	$2.8B	$1.5B – $3.2B	$2.8B (0%)	after a round	1,100	unknown	B	0%
1 Mar 2021	$2.8B	$1.5B – $3.2B	$2.8B (0%)	after a round	1,100	unknown	B	0%
1 Apr 2021	$2.8B	$1.4B – $3.2B	$2.8B (0%)	after a round	1,100	flat	B	0%
1 May 2021	$2.8B	$1.3B – $3.2B	$2.8B (0%)	after a round	1,100	flat	B	0%
1 Jun 2021	$2.8B	$1.3B – $3.2B	$2.8B (0%)	after a round	1,100	flat	B	0%
1 Jul 2021	$2.8B	$1.2B – $3.2B	$2.8B (0%)	after a round	1,100	flat	B	0%
1 Aug 2021	$2.8B	$1.1B – $3.2B	$2.8B (-1%)	after a round	1,100	flat	B	0%
1 Sep 2021	$2.8B	$1.1B – $3.2B	$2.8B (-2%)	after a round	1,100	flat	B	0%
1 Oct 2021	$2.8B	$1.0B – $3.2B	$2.7B (-3%)	after a round	1,100	flat	B	0%
1 Nov 2021	$2.8B	$983M – $3.2B	$2.7B (-3%)	after a round	1,100	flat	B	0%
1 Dec 2021	$2.8B	$936M – $3.2B	$2.7B (-4%)	after a round	1,100	flat	C	0%
1 Jan 2022	$2.8B	$890M – $3.2B	$2.7B (-5%)	after a round	1,100	flat	C	0%
8 Jan 2022	$4.5B	$3.9B – $5.7B	$5.0B (+10%)	after a round	1,100	flat	A	0%
1 Feb 2022	$4.5B	$3.9B – $5.7B	$5.0B (+9%)	after a round	1,100	flat	A	0%
1 Mar 2022	$4.6B	$3.9B – $5.7B	$5.0B (+8%)	after a round	1,100	flat	A	0%
1 Apr 2022	$4.6B	$3.9B – $5.7B	$5.0B (+8%)	after a round	1,700	growing	A	0%
1 May 2022	$4.6B	$3.9B – $5.7B	$5.0B (+7%)	after a round	1,700	growing	A	0%
1 Jun 2022	$4.7B	$3.9B – $5.7B	$5.0B (+6%)	after a round	1,700	growing	A	0%
1 Jul 2022	$4.7B	$3.9B – $5.7B	$5.0B (+5%)	after a round	1,700	growing	A	0%
1 Aug 2022	$4.7B	$3.9B – $5.7B	$5.0B (+4%)	after a round	1,700	growing	A	0%
1 Sep 2022	$4.8B	$3.9B – $5.7B	$5.0B (+3%)	after a round	1,700	growing	A	0%
1 Oct 2022	$4.8B	$3.9B – $5.7B	$5.0B (+3%)	after a round	1,700	growing	A	0%
1 Nov 2022	$4.9B	$3.9B – $5.7B	$5.0B (+2%)	after a round	1,700	unknown	A	0%
1 Dec 2022	$4.9B	$3.9B – $5.7B	$5.0B (+1%)	after a round	1,700	unknown	A	0%
1 Jan 2023	$5.1B	$3.9B – $5.9B	$5.1B (0%)	after a round	2,000	up	A	0%
1 Feb 2023	$5.1B	$3.8B – $5.9B	$5.1B (0%)	after a round	2,000	up	A	0%
1 Mar 2023	$5.1B	$3.8B – $5.9B	$5.1B (0%)	after a round	2,000	up	A	0%
1 Apr 2023	$5.1B	$3.7B – $5.9B	$5.1B (0%)	after a round	2,000	up	A	0%
1 May 2023	$5.1B	$3.6B – $5.9B	$5.1B (0%)	after a round	2,000	up	A	0%
1 Jun 2023	$5.1B	$3.5B – $5.9B	$5.1B (0%)	after a round	2,000	up	A	0%
1 Jul 2023	$5.1B	$3.4B – $5.9B	$5.1B (0%)	after a round	2,000	up	A	0%
1 Aug 2023	$5.1B	$3.3B – $5.9B	$5.1B (0%)	after a round	2,000	up	A	0%
1 Sep 2023	$5.1B	$3.2B – $5.9B	$5.1B (0%)	after a round	2,000	up	B	0%
1 Oct 2023	$5.4B	$3.9B – $6.2B	$5.4B (0%)	after a round	2,500	growing	A	0%
1 Nov 2023	$5.4B	$3.2B – $6.2B	$5.4B (0%)	after a round	2,500	up	B	0%
1 Dec 2023	$5.4B	$3.1B – $6.2B	$5.4B (0%)	after a round	2,500	up	B	0%
1 Jan 2024	$5.4B	$3.1B – $6.2B	$5.4B (0%)	after a round	2,500	up	B	0%
1 Feb 2024	$5.5B	$3.8B – $6.4B	$5.5B (0%)	after a round	2,800	growing	A	0%
1 Mar 2024	$5.6B	$3.8B – $6.4B	$5.6B (0%)	after a round	2,900	growing	A	0%
1 Apr 2024	$5.6B	$3.7B – $6.4B	$5.6B (0%)	after a round	2,900	growing	A	0%
1 May 2024	$5.6B	$3.7B – $6.4B	$5.6B (0%)	after a round	2,900	growing	A	0%
9 May 2024	$5.2B	$4.5B – $6.6B	$5.7B (+10%)	after a round	2,900	growing	A	0%
1 Jun 2024	$5.2B	$4.5B – $6.6B	$5.7B (+9%)	after a round	2,900	growing	A	0%
1 Jul 2024	$5.3B	$4.5B – $6.6B	$5.7B (+8%)	after a round	2,900	growing	A	0%
1 Aug 2024	$5.3B	$4.5B – $6.7B	$5.8B (+9%)	after a round	3,200	up	A	0%
1 Sep 2024	$5.4B	$4.5B – $6.7B	$5.8B (+8%)	after a round	3,200	up	A	0%
1 Oct 2024	$5.4B	$4.5B – $6.7B	$5.8B (+7%)	after a round	3,200	up	A	0%
1 Nov 2024	$5.5B	$4.5B – $6.8B	$5.9B (+7%)	after a round	3,400	growing	A	0%
1 Dec 2024	$5.6B	$4.5B – $6.8B	$5.9B (+6%)	after a round	3,400	growing	A	0%
1 Jan 2025	$6.6B	$4.7B – $12.3B	$8.6B (+30%)	after a round	3,400	growing	B	0%
1 Feb 2025	$6.8B	$4.7B – $12.3B	$8.6B (+27%)	after a round	3,400	growing	B	0%
1 Mar 2025	$6.9B	$4.7B – $12.3B	$8.6B (+25%)	after a round	3,400	growing	B	0%
1 Apr 2025	$7.1B	$4.7B – $12.4B	$8.7B (+23%)	after a round	3,584	growing	B	0%
1 May 2025	$7.3B	$4.7B – $12.4B	$8.7B (+20%)	after a round	3,584	up	B	0%
1 Jun 2025	$7.4B	$4.7B – $12.4B	$8.7B (+17%)	after a round	3,584	up	B	0%
1 Jul 2025	$7.6B	$4.7B – $12.4B	$8.7B (+15%)	after a round	3,584	up	B	0%
1 Aug 2025	$7.9B	$4.9B – $12.7B	$9.0B (+13%)	after a round	4,001	growing	B	0%
1 Sep 2025	$8.1B	$4.9B – $12.7B	$9.0B (+10%)	after a round	4,001	growing	B	0%
1 Oct 2025	$8.3B	$4.9B – $12.7B	$9.0B (+8%)	after a round	4,001	up	B	0%
1 Nov 2025	$8.7B	$4.9B – $13.0B	$9.1B (+5%)	after a round	4,373	growing	B	0%
1 Dec 2025	$8.9B	$4.9B – $13.0B	$9.1B (+3%)	after a round	4,373	growing	B	0%
1 Jan 2026	$9.2B	$5.0B – $13.1B	$9.2B (0%)	after a round	4,632	growing	B	0%
1 Feb 2026	$9.2B	$5.0B – $13.1B	$9.2B (0%)	after a round	4,632	growing	B	0%
1 Mar 2026	$9.2B	$5.1B – $13.1B	$9.2B (0%)	after a round	4,632	growing	B	0%
1 Apr 2026	$9.2B	$5.1B – $13.1B	$9.2B (0%)	after a round	4,632	growing	B	0%
1 May 2026	$9.4B	$5.2B – $13.3B	$9.4B (0%)	after a round	4,888	growing	B	0%
1 Jun 2026	$9.5B	$5.3B – $13.5B	$9.5B (0%)	after a round	5,269	growing	B	0%
1 Jul 2026	$9.5B	$5.3B – $13.5B	$9.5B (0%)	after a round	5,269	growing	B	0%
1 Aug 2026	$9.5B	$5.4B – $13.5B	$9.5B (0%)	after a round	5,269	growing	B	0%
1 Sep 2026	$9.5B	$5.4B – $13.5B	$9.5B (0%)	after a round	5,269	growing	B	0%
1 Oct 2026	$9.7B	$5.5B – $13.7B	$9.7B (0%)	after a round	5,631	growing	B	0%
24 Oct 2026	$9.7B	$5.5B – $13.7B	$9.7B (0%)	after a round	5,631	growing	B	0%

Key facts about Monzo

Founded: 2015
Headquarters: London, United Kingdom
Employees: about 5,630 +29% in a year
Total raised: $1.09B
Funding rounds: 7
Last round: Series I Dec 2024

Monzo was founded in 2015 by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon and Tom Blomfield.

Monzo funding history

Monzo has 7 funding rounds on record, from Oct 2016 to Dec 2024, $1.09B in total. The latest disclosed valuation is $5.20B post-money (Growth Equity, May 2024).

Series I 31 Dec 2024
Led by CapitalG, GV; with Hedosophia.
Sources: thisweekinfintech.com, fintechfutures.com, techfundingnews.com and 2 more
$534M
Growth Equity 8 May 2024
With Hedosophia, CapitalG, GIC, Alphabet Inc..
Sources: finextra.com, cnbc.com, fintechfutures.com and 1 more
$190M
$5.20B post-money
Growth Equity 7 Jan 2022
With Tencent.
Sources: finextra.com, money2020.com
$100M
$4.50B post-money
Growth Equity 25 Jun 2019
Led by Y Combinator; with Phoenix Court, General Catalyst, Stripes, Passion Capital, Thrive Capital, Goodwater Capital, Accel, Orange Digital Ventures.
Sources: banking-gateway.com, finextra.com, en.wikipedia.org and 1 more
$144M
$2.55B post-money
Series D 6 Nov 2017
Led by Stripes, Goodwater Capital; with Sequoia Capital, Passion Capital, Thrive Capital, Orange Digital Ventures, Crankstart Foundation. Individuals: Michael Moritz.
Sources: orrick.com, finance.yahoo.com, venturebeat.com and 1 more
$93M
Series C 29 Mar 2017
With Thrive Capital, Passion Capital, Orange Digital Ventures, Crowdcube.
Sources: fstech.co.uk, crowdfundinsider.com, crowdcube.com
$27M
$133M post-money
Other 20 Oct 2016no round page
Led by Passion Capital.
Sources: en.wikipedia.org
$5.9M
$61M post-money

Monzo investors

18 investors have backed Monzo; Passion Capital, CapitalG and Goodwater Capital and 3 more led at least one round.

What Monzo does

Monzo works in banks & ATMs, with 12 recorded offerings and customers in financial services.

Monzo Bank Limited is a UK financial services company engaged in providing personal and business banking solutions, including current accounts, savings and ISAs, investments, pensions, credit cards, loans, overdrafts, insurance, and mobile banking services. The company serves a wide range of customers, including sole traders and limited company directors, and utilizes technologies such as artificial intelligence and machine learning to support its operations. Monzo also emphasizes sustainability and social responsibility in its business practices.

Description from Veridion's company data.

Products and services

Personal Banking Account Services
Joint Account Services
Under-16s Account Services
Savings and ISA Account Services
Investment and Pension Product Services
Credit Card and Loan Services
Overdraft Facility Services
Insurance Product Services
Mobile Banking Application Development
AI-Driven Financial Solutions Development
Real-Time Spending Insight Services
Money Pot Organization Services

Markets

Financial Services

Technology

Artificial Intelligence and Machine Learning

Business model

Business-to-Business
Business-to-Consumer
Service Provider

Industry codes (NAICS)

522110 Commercial Banking 85% match
524210 Insurance Agencies and Brokerages 15% match

Questions about Monzo

What is Monzo worth?

Valuation $9.7B (range $5.5B to $13.7B), as of 24 Oct 2026. The last disclosed valuation was $5.20B (Growth Equity, May 2024).

Has Monzo raised money?

Monzo has 7 funding rounds on record, from Oct 2016 to Dec 2024, $1.09B in total. The latest disclosed valuation is $5.20B post-money (Growth Equity, May 2024).

Who has invested in Monzo?

Passion Capital, CapitalG, Goodwater Capital, Stripes, GV and Y Combinator, and 12 more. Lead investors include Passion Capital, CapitalG, Goodwater Capital and Stripes.

How many people work at Monzo?

About 5,630, up 29% over the last year. Headcount grew from 1,100 in Jan 2021 to 5,631 in Sep 2026.

What does Monzo do?

Monzo works in banks & ATMs, with 12 recorded offerings and customers in financial services. Its main offerings are personal banking account services, joint account services and under-16s account services.

When was Monzo founded, and where is it based?

Monzo was founded in 2015 and is based in London, United Kingdom. It has about 5,630 employees, up 29% over the last year.

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Monzo valuation, funding and investors

Monzo valuation today

Key facts about Monzo

Monzo funding history

Series I 31 Dec 2024

Growth Equity 8 May 2024

Growth Equity 7 Jan 2022

Growth Equity 25 Jun 2019

Series D 6 Nov 2017

Series C 29 Mar 2017

Other 20 Oct 2016no round page