Monzo Surpasses 12 Million Customers as It Marks 10 Years of FinTech Innovation
Hey Digital Banking Fanatic!
Monzo just crossed 12 million customers and it's not slowing down. The digital bank now serves one in five UK adults and over 600,000 businesses, a major milestone as it marks its 10th anniversary.
"12 million customers now bank with Monzo!" said CEO TS Anil. "Our growth continues to be driven by word of mouth. It's not just about opening a bank account—our customers are bringing more of their financial lives to Monzo than ever before."
The bank's rise has been powered by features people actually use, from viral savings tools like the 1p Challenge (with over 1 million users in a week), to business products like Monzo Team and innovative proprietary technology, offering tools such as Call Status, Trusted Contacts, and Known Locations to enhance security and user confidence.
Check out how Monzo leads the UK digital-only banking market here👇
Read all the other Digital Banking industry news below, and I'll be back with more on Monday!
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DIGITAL BANKING NEWS
🇬🇧 Monzo surpasses 12 million customers. This milestone comes on the back of strong product momentum, with Monzo giving its customers even more visibility and control over their money with multiple new products and features over the past year. Read more
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🇹🇭 Thailand reportedly approves three digital bank bids, targets 2026 rollout. The selected groups are anchored by Krungthai Bank, SCB X, and Ascend Money. They were evaluated based on their financial capacity, business models, and readiness to meet regulatory requirements for digital banking operations.
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