Monzo Lines Up for Early 2026 IPO
Hey Digital Banking Fanatic!
Monzo, the UK-based digital bank known for its distinctive coral cards, is preparing for what could be one of the most closely watched FinTech listings in Europe.
Morgan Stanley, according to reports, is already meeting with potential investors as the bank inches toward a possible IPO in the first half of next year.
The listing could value Monzo at over £6 billion. That’s nearly £2 billion more than its latest valuation, following its first year of profitability, product expansion, and strategic restructuring.
With +11 million customers and 600,000 business accounts, Monzo’s scale rivals that of traditional high street banks—something few FinTech players have achieved so far.
The venue for the float remains open. While London appears to be the current favorite, internal debates suggest the decision hasn’t been easy. CEO TS Anil has reportedly leaned toward a New York listing, while the board has leaned the other way. Political currents, including the impact of recent US tariffs, are playing an unexpected role in shaping this cross-Atlantic dilemma.
Behind the scenes, existing investors like Alphabet’s Capital G, GIC, and Tencent continue to back the company’s long-term outlook.
Additionally, Monzo has also made structural changes to support international expansion, creating a holding group to shield it from punitive capital rules as it eyes the US and Europe.
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