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Monzo profile

Who owns Monzo?

traditional · London, UK · Licensed bank · custody: Custodial

short answerMonzo holds its own banking licence, so Monzo itself is the bank — customer deposits sit on its own regulated balance sheet rather than with a third-party sponsor. Monzo's most notable disclosed backers include Accel, Passion Capital, General Catalyst and Y Combinator.

Is Monzo a licensed bank?

Yes — it holds its own banking licence. Licence detail: UK banking licence.

Where is your money held?

Custody model: Custodial — on Monzo's own balance sheet as a licensed bank.

Monzo runs on: Sutton Bank (BIN sponsor bank) · Galileo (card issuing processor). Full stack on the infra map.

Who's behind Monzo?

Monzo was founded by Tom Blomfield + 4 co-founders (2015), headquartered in London, UK.

Early investors

Notable venture and strategic investors from Monzo's publicly disclosed funding rounds (~£1.1B raised).

Accel ↗ Passion Capital ↗ General Catalyst ↗ Y Combinator ↗ Tencent ↗

Is my money safe with Monzo?

As a licensed bank, eligible deposits at Monzo are typically protected by the local deposit-guarantee scheme up to the statutory limit (for example FDIC in the US, FSCS in the UK, or the €100,000 EU scheme). Confirm the exact scheme and limit for your country.

go deeperSee the full Monzo profile with every verified field, or Monzo alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.