Monzo Bank Limited, is among United Kingdom’s most innovative Financial Technology (FinTech) companies, which runs a digital-only bank with specialized features and services to meet the needs of its customers.
Company Overview:
- Monzo was founded in the year 2015;
- Headquartered in London, England, United Kingdom;
- Founders:
- Thomas Benjamin Blomfield OBE, who was the company’s former Chief Executive Officer (CEO) and President,
- Jason Bates, who was the company’s former Chief Customer Officer (CCO),
- Jonas Huckestein, who is currently the company’s Chief Technology Officer (CTO),
- Paul Rippon, who was the company’s former Chief Risk Officer (CRO) and Deputy CEO,
- Gary Dolman, who was the company’s former Chief Financial Officer (CFO) and Director,
- The firm has had twenty one fundraising rounds, where it managed to raise a sum total of around 1.1 Billion US Dollars.
Also, Read Fintech Journey of Success Allica Bank London
Fundraising Rounds and Investors:
- In the month of July, 2015, the company had its Seed funding round, where it raised around 2 Million Pound Sterling (GBP). The investors of this round were:
- London-based Venture Capital (VC) company, Passion Capital;
- London-based Venture Capital (VC) and private equity firm, Blue Wire Capital;
- In the month of February, 2016, the company had its Series A round of funding, where it raised around 5 Million Pound Sterling (GBP). The investor of this round was:
- London-based Venture Capital (VC) company, Passion Capital;
- In the month of March, 2016, the company had another Series A round of funding, where it raised around 1 Million Pound Sterling (GBP). The investors of this round were:
- Exeter-based investment crowdfunding platform, Crowdcube;
- Matteo Gamba, as an angel investor;
- Chris Haslam, as an angel investor;
- In the month of October, 2016, the company had its Series B round of funding, where it raised around 4.8 Million Pound Sterling (GBP). The investor of this round was:
- London-based Venture Capital (VC) company, Passion Capital;
- In the month of February, 2017, the company had its Series C round of funding, where it raised around 19.5 Million Pound Sterling (GBP). The investors of this round were:
- London-based Venture Capital (VC) company, Passion Capital;
- New York-based Venture Capital (VC) company, Thrive Capital;
- France-based Venture Capital (VC) and private equity firm, Orange Ventures;
- In the month of March, 2017, the company had its late VC funding round, where it raised around 2.4 Million Pound Sterling (GBP). The investors of this round were:
- Exeter-based investment crowdfunding platform, Crowdcube;
- Matteo Gamba, as an angel investor;
- Klaus Nyengaard, as an angel investor;
- Aranit Cenalla, as an angel investor;
- In the month of July, 2017, the company had another Series B round of funding, where it raised around 25.2 Million US Dollars. The investor of this round was:
- France-based Venture Capital (VC) and private equity firm, Orange Ventures;
- In the month of November, 2017, the company had its Series D round of funding, where it raised around 71 Million Pound Sterling (GBP). The investors of this round were:
- London-based Venture Capital (VC) company, Passion Capital;
- New York-based Venture Capital (VC) company, Thrive Capital;
- France-based Venture Capital (VC) and private equity firm, Orange Ventures;
- San Francisco-based financial infrastructure platform, Stripe Inc;
- California-based Venture Capital (VC) and private equity firm, Goodwater Capital;
- Michael Moritz, as an angel investor;
- In the month of November, 2017, the company had its late VC funding round, where it raised around 900 Thousand Pound Sterling (GBP). The investor of this round was:
- Exeter-based investment crowdfunding platform, Crowdcube;
- In the month of November, 2017, the company had its secondary funding round, where it raised around 11 Million Pound Sterling (GBP). The investor of this round was:
- France-based Venture Capital (VC) and private equity firm, Orange Ventures;
- In the month of October, 2018, the company had its Series E round of funding, where it raised around 85 Million Pound Sterling (GBP). The investors of this round were:
- California-based Venture Capital (VC) firm, Accel;
- London-based Venture Capital (VC) company, Passion Capital;
- Massachusetts-based Venture Capital (VC) firm, General Catalyst;
- New York-based Venture Capital (VC) company, Thrive Capital;
- France-based Venture Capital (VC) and private equity firm, Orange Ventures;
- San Francisco-based financial infrastructure platform, Stripe Inc;
- California-based Venture Capital (VC) and private equity firm, Goodwater Capital;
- In the month of December, 2018, the company had its late VC funding round, where it raised around 20 Million Pound Sterling (GBP). The investor of this round was:
- Exeter-based investment crowdfunding platform, Crowdcube;
- In the month of June, 2019, the company had its Series F round of funding, where it raised around 113 Million Pound Sterling (GBP). The investors of this round were:
- California-based Venture Capital (VC) firm, Accel;
- London-based Venture Capital (VC) company, Passion Capital;
- Massachusetts-based Venture Capital (VC) firm, General Catalyst;
- New York-based Venture Capital (VC) company, Thrive Capital;
- California-based start-up accelerator, Y Combinator;
- France-based Venture Capital (VC) and private equity firm, Orange Ventures;
- San Francisco-based financial infrastructure platform, Stripe Inc;
- California-based Venture Capital (VC) and private equity firm, Goodwater Capital;
- London-based Venture Capital (VC) firm, Latitude;
- In the month of June, 2020, the company had its Series G round of funding, where it raised around 65 Million Pound Sterling (GBP). The investors of this round were:
- California-based Venture Capital (VC) firm, Accel;
- London-based Venture Capital (VC) company, Passion Capital;
- Massachusetts-based Venture Capital (VC) firm, General Catalyst;
- New York-based Venture Capital (VC) company, Thrive Capital;
- California-based start-up accelerator, Y Combinator;
- France-based Venture Capital (VC) and private equity firm, Orange Ventures;
- San Francisco-based financial infrastructure platform, Stripe Inc;
- California-based Venture Capital (VC) and private equity firm, Goodwater Capital;
- Vanderbilt University Office of Investments;
- Geneva-based Venture Capital (VC) and private equity firm, Reference Capital;
- In the month of December, 2020, the company had another Series G round of funding, where it raised around 60 Million Pound Sterling (GBP). The investors of this round were:
- California-based Venture Capital (VC) and private equity firm, Goodwater Capital;
- California-based Venture Capital (VC) firm, Kaiser Permanente Ventures;
- London-based investment firm, Novator;
- New York-based media organization, TED
- In the month of February, 2021, the company had another Series H round of funding, where it raised around 50 Million Pound Sterling (GBP). The investor of this round was:
- San Francisco-based investment firm, Octahedron Capital;
- In the month of December, 2021, the company had its late VC funding round, where it raised around 500 Million US Dollars. The investors of this round were:
- New York-based investment management company, Coatue Management LLC;
- Abu Dhabi Fund for Development (ADFD);
- New York-based investment firm, Alpha Wave Ventures;
- In the month of December, 2021, the company had its late VC funding round, where it raised around 100 Million US Dollars. The investor of this round was:
- Chinese MNC, Tencent;
Monzo is on a mission to bring a transformation in the finance and banking industry by concentrating more on its customer’s existing and genuine difficulties, instead of trying to market their various products. The company in actual fact gives its clients power over their finances.
