Monzo Tops 15M Customers Including 1M Under 16S

Monzo Tops 15M Customers Including 1M Under 16S
Monzo Tops 15M Customers Including 1M Under 16S

Hey Digital Banking Fanatic!

Monzo has kicked off 2026 with a statement: 15 million customers and counting.

Despite everybody talking about Revolut these days, Monzo is still the biggest neobank in the UK.

Its Monzo for Under 16s offering, launched less than a year ago, has already brought in over one million young customers, roughly one in eight British children.

Their long‑term focus extends into wealth and homeownership, too. 

Monzo now serves over 800K+ business accounts through its ETF lineup and pension transfers. In addition, there are plans to bring mortgage management fully in-house with its upcoming acquisition of digital broker Habito. 

Together, these steps reshape Monzo as a one‑stop shop for financial growth.

Let’s not forget that they recently applied for an Irish banking license, a move that would allow them to serve EU customers directly.

The pink‑card pioneer that once stood out for its friendly UX is evolving into a lifelong financial companion, and its next chapter may unfold across all of Europe.

Scroll down for more from the Digital Banking world 👇 I'll be back in your inbox tomorrow.

Cheers,

Marcel


INSIGHTS

2025 Battle of the FinTech Giants: Revolut 🆚 Wise

Here's a comparison on some high-level KPI's from FY2025 results 👇

Revolut vs Wise

NEWS

🇬🇧 Monzo tops 15M customers, including 1M under 16s, as it supports customers through every stage of their financial lives. The growth reflects Monzo’s expansion into full-service digital banking, including wealth-building tools and homeownership solutions.

🇦🇷 David Vélez, Nubank CEO, sees Argentina as an 'attractive' market and is evaluating a possible return of Nubank to the country. Following its previous exit in 2019, the digital banking giant is taking a "new look" at Argentina, acknowledging its potential as a significant GDP economy with high human capital.

🇳🇬 Kuda cuts jobs as restructuring hits core units, and hundreds are feared to be affected. The company has carried out layoffs across multiple departments as part of a company-wide restructuring. The move is aimed at aligning the organisation with its next phase of growth, rather than being driven by financial pressure.

🇬🇧 British neobank Zopa eyes acquisitions for European expansion. The company could buy a local bank or FinTech company in Germany or Scandinavia to enter those markets in the short-to-medium term. Zopa is also preparing to apply for authorisation under the UK FCA's new targeted support regime to provide ready-made investment advice to consumers.

🇰🇪 Nigeria’s Moniepoint enters Kenya with 78% stake in Sumac microfinance, securing a deposit-taking licence to support its expansion in East Africa. The move marks a shift toward licensed banking and positions Moniepoint to scale lending and integrated financial services for SMEs across the region.

🌍 Visa Direct collaborates with Moonrise by Lunar to expand local payment access and virtual accounts across the Nordics. The partnership strengthens Visa Direct’s ability to support real-time, domestic payments and local account access for clients operating in or expanding into the Nordic region.

🇦🇪 International Securities is the first broker to go live on Emirates NBD Pay using Visa’s AFT model. The integration enables near real-time card-to-account funding for brokerage clients, expanding capital markets use cases on Emirates NBD’s payment gateway.


Want your message in front of 100.000+ FinTech fanatics, founders, investors, and operators?

Shoot me a message on LinkedIn or send me an  e-mail.

Connecting the Dots in FinTech