Monzo Races Past 14 Million Customers During a Period of Record Expansion

Hey Digital Banking Fanatic!

Monzo surpassed 14 million customers, adding 2 million new users in six months. 

Growth came from both individuals and businesses, marking one of the strongest periods ever recorded for the UK’s largest digital bank.

The bank now serves over 800,000 business customers, close to one in seven SMEs in the UK. Customer acquisition accelerated as more companies adopted Monzo’s tools to simplify operations. 

Monzo was named a Which? Recommended Provider for Current Accounts for the second consecutive year, with users highlighting fee-free international spending, budgeting tools and savings features.

Engagement is also rising. Around 70% of customers are active monthly, and more than 1 million now subscribe to paid plans, accessing improved budgeting tools, better savings rates and partner rewards. 

The momentum shows how digital banks keep reshaping what customers expect from modern banking.

Stay tuned, and I'll be back tomorrow with more updates on Digital Banking for you!

Cheers,

Marcel

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NEWS

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