- A generous number of holiday days. Monzo head Tom Blomfield’s departure is a rebuke to the cult of the founder The founder-CEO figure looms large in our culture, but true leadership is knowing when to pass on the baton . Interview. Telephone screen 3. 09446231). All content is posted anonymously by employees working at Monzo Bank. [33], In August 2019, the company announced that it had inadvertently logged 480,000 customer personal identification numbers, making them accessible to Monzo's internal team of engineers. But for others, working at Europe’s biggest fintechs has been a stepping stone for wider career ambitions. [55] Users can categorise their transactions, freeze the card (if lost), mark company expenses and view an overview of their spending habits. Glassdoor is your resource for information about Monzo Bank benefits and perks. I interviewed at Monzo Bank in February 2017. Advanced Search Sign Up. … [27] Existing TransferWise customer can connect their account to use along Monzo app. Monzo was one of the earliest of a number of new app-based challenger banks in the UK. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. All content is posted anonymously by employees working at Monzo Bank. At the close of the round, Monzo was valued at £280 million.[44]. If you'd like to suggest changes to this profile, please email us at support@crunchbase.com, Descriptive keyword for an Organization (e.g. Offers and discounts. Blomfield held the function of CEO till May final 12 months when he assumed the newly created title of president and resigned from the Monzo board. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. Take-home test 4. However, that has proven expensive for Monzo, which now claims more than 4 million customers, and disproportionate to the number of support … Track . Reviews from Monzo employees about Monzo culture, salaries, benefits, work-life balance, management, job security, and more. Get insights on Monzo’s technology stack, company size, location, job postings, employees, social media feed, and more. The branding for the bank, which was designed by creative agency Rufus Leonard and reportedly took four months to complete, also features pastel colours, often used in the branding of challenger banks such as Monzo, Starling and N26 . Monzo head Tom Blomfield’s departure is a rebuke to the cult of the founder The founder-CEO figure looms large in our culture, but true leadership is knowing when to pass on the baton . [73][74], As part of its effort to fight fraud, Monzo was found to be freezing customer accounts, and was investigated by the BBC's Watchdog programme for this. Our Financial Services Register number is 730427. Who uses Monzo? Thomas George Director of … Find out what works well at Monzo from the people who know best. A free inside look at company reviews and salaries posted anonymously by employees. Very good online application with plenty of relevant/challenging questions on … The bank was contacted by the Living Wage Foundation about the possibility of … Number of Current Team Members 22 Monzo has 22 current team members, including Co-Founder Jonas Huckestein. 195 Monzo Bank reviews. Meet the former employees from Monzo and Revolut who are now founders themselves. Monzo has 3 board members and advisors, including Miles Grimshaw. The scale of the announcement was unprecedented in the world of UK financial technology. 280 Number of Organizations • $83.6B Total Funding Amount • 3,730 Number of Investors. [49][50], Monzo announced on 13 June 2019 that it would begin offering services in the United States, though it provided no timetable for an actual launch. The number of account holders at the digital-only bank has surged from just 50,000 in September 2016 to 750,000 today. - Beanbag chairs in the office. - Beanbag chairs in the office. [77], Due to the relative ease with which bank accounts can be created and accessed at Monzo - compared to a traditional brick and mortar bank, they are a popular method for online scammers to extract money from their victims. Application. [51], The company faces a more onerous regulatory environment in the US than in the UK. Current Team. Track . Following voluntary employee furloughs and salary cuts in the U.K., Monzo is continuing to take tough decisions in order to shore up its financial position amidst the coronavirus crisis and resulting economic downturn.. The company had a total of 740 full-time employees by the end of 2019, up from 279 in 2018. The diversity in the company is incredibly well managed. This round gave Monzo a valuation of £2 billion. View Monzo (www.monzo.com) location in Greater London, United Kingdom , revenue, industry and description. FinTech Companies with Late Stage Venture Funding . Chart. [64], A roadmap for Monzo's mobile apps and related services is publicly available to view and vote upon on Trello. The end of free bank accounts is bad news for Monzo and its rivals. Interview. On 30 October 2018, Monzo became a pound “unicorn,” with an £85 million fundraising round valuing the company at £1 billion. [3] As of March 2020, Monzo had over 4 million customers. Interview. 1) Monzo is a Victim of its Own Success. On 13 June 2016, a company blog post announced that the "Mondo" trademark had been legally challenged by an undisclosed company with a similar name. 2 digit check number; 4 characters from the MONZO's bank code; 6 digit sort code for the MONZO bank branch; 8 digit code for the MONZO bank account number; Already have an IBAN code? [59], In December 2017, Monzo issued new Debit Mastercard cards to all its existing and new customers as the bank began rolling out current accounts. Revolut confirmed that a small number … Unlike in the UK, the company will not offer a money lending service to its US customers. Along with retrieval of the debit cards, attendees were expected to offer the company feedback on their products and services. All content is posted anonymously by employees working at Monzo Bank. By Ryan Weeks. The process took 4+ weeks. In an internal company-wide memo issued by co-founder and CEO Tom Blomfield, he tells the bank’s over 1,500 staff that he won’t be taking a salary … Cons - Monzo has become too big to keep giving equal treatment and benefits to all employees. [75] In a response to this investigation, the company claimed that many of these account closures take place if the bank "suspect[s] there's financial crime"[76] however affected customers explain that their money is frozen for weeks at times, and for legitimate customers, this is quite the issue. Monzo can be an intelligent hub for your entire financial life. Vegas support staff were servicing U.K. customers only, with U.S. customer support provided by a small team … Monzo founder Tom Blomfield is departing the U.Okay. Monzo Bank is a digital online banking service that is mobile-only. On-site interview 1. Active, Closed, Last funding round type (e.g. Monzo has made a second cut to its workforce, announcing the redundancies of 120 staff in the UK as the economic strains of the coronavirus crisis continue to weigh on the fintech. Telephone screen 3. Monzo | 40 followers on LinkedIn. 1) Monzo is a Victim of its Own Success. Monzo is the trading name of Focus FS Ltd, a company registered in England and Wales ... Monzo CEO won’t take salary for 12 months after limited number of staff offered voluntary furlough (Mar-2020) Source: techcrunch.com. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA. | At Monzo, we’re building a new kind of bank. [68] Whilst the UK Government is looking into legislation to require existing banks to comply with and adopt standards for secure and open APIs,[69] Monzo has already released a prototype API based on the OAuth standard within a year of the company's founding. Statista. [26], On 25 June 2018, Monzo announced their team up with TransferWise to provide international money transfers from within their Monzo app. [57] The balance on the card could then be spent via contactless, chip and pin, magnetic stripe or online. Monzo is taking advantage of the UK government's coronavirus job retention scheme, which lets employers claim 80% of furloughed employees' usual monthly wage cost, up to £2500 a month. Learn about Monzo Bank, including insurance benefits, retirement benefits, and vacation policy. Jonas Huckestein Co-Founder. I applied online. Among the investors were some well known firms such as for Novator, Kaiser, TED Global. [5], It was founded as Mondo in 2015 by Tom Blomfield,[6][7][8][9] Jonas Huckestein, Jason Bates, Paul Rippon and Gary Dolman. Our Financial Services Register number is 730427. [48]In december 2020, Monzo closed another £60M funding. [54], Monzo initially issued (with partner company Wirecard[55]) a variety of alpha, beta and investor cards to its customers who wanted to be early adopters. Monzo Bank | 182,829 followers on LinkedIn. [24], In October 2017, Monzo announced that it would be discontinuing free ATM withdrawals abroad, replacing them with a free monthly withdrawal of up to £200 and a charge of 3% on subsequent withdrawals. However, that has proven expensive for Monzo, which now claims more than 4 million customers, and disproportionate to the number of support … Revolut confirmed that a small number … … I interviewed at Monzo Bank in February 2017. Find related and similar companies as well as employees by title and much more. 1. Uncover why Monzo is the best company for you. It should also be noted that this doesn’t appear to impact Monzo’s U.S. launch. This is the Monzo Bank company profile. From early on, Monzo has issued cards in a neon "hot coral" colour - initially intended as a temporary measure during prototyping[58] - but later, a deliberate decision arising from the success of the "eye-catching" design. This is the Monzo Bank company profile. A number had to relocate back to England after being told they could build their lives around working remotely (some even having to uproot their families). [71] The responses are encoded using JSON which allows for data access in any programming language with JSON support. On 5 December 2018, Monzo held another £20 million Crowdcube crowdfunding campaign, reaching nearly £18 million in funding in less than three hours, and reaching the £20 million goal in just over two days. Following voluntary employee furloughs and salary cuts in the U.K., Monzo is continuing to take tough decisions in order to shore up its financial position amidst the coronavirus crisis and resulting economic downturn. Monzo is an LGBTQ+ friendly workplace who advocate equality and acceptance. [37] In May, Blomfield announced that he was moving from CEO to president of the company and TS Anil would become the company's CEO. I applied online. 09446231). Monzo can be an intelligent hub for your entire financial life. The bank was contacted by the Living Wage Foundation about the possibility of … [22][23] Initially, customers attended events at the company's offices in London but cards were also sent out via post. By Ryan Weeks. Online application 2. The process took 4+ weeks. The founder of challenger bank of Monzo has announced his departure from the company citing mental health issues. [29][30], On 21 November 2018, Monzo added the functionality for users to pay cash into their Monzo accounts using PayPoint, charging users £1 for each deposit. 09446231). Monzo is the trading name of Focus FS Ltd, a company registered in England and Wales ... Monzo CEO won’t take salary for 12 months after limited number of staff offered voluntary furlough (Mar-2020) Source: techcrunch.com. "[52], Monzo will enter the US market through a partnership with Ohio-based Sutton Bank, and will retain many of its features, like instant spending notifications and contactless pay. Lists Featuring This Company. Very good online application with plenty of relevant/challenging questions on … This is the Monzo Bank company profile. This is the Monzo Bank company profile. Monzo CEO Tom Blomfield: Big banks are set up to 'kill' change (Feb-2020) Source: www.cnbc.com. The diversity in the company is incredibly well managed. MONZO IBAN example in the United Kingdom GB29NWBK60161331926819; IBAN in print format: GB29 NWBK 6016 1331 9268 19: Country code: GB: Check digits: 29: Bank code: NWBK : Sort code: 601613: … I interviewed at Monzo Bank (Cardiff, Wales (UK)). Application. Online application 2. It was later announced in November 2018 that interest would be paid on savings (in 'Savings Pots' above £1,000) in collaboration with Investec. Among other prizes, such as being named the most sought-after startup in the UK by LinkedIn, Monzo was named the UK’s most recommended brand by YouGov in 2019. [66] This was preceded by a private beta in October 2015 with consumers who visited the office in-person to collect a card.[67]. Share. According to an internal note seen by Reuters on Wednesday, the bank told employees: “Unfortunately we haven’t been able to achieve the goal of preventing the risk of redundancy at this time. This is the Monzo Bank company profile. Total amount raised across all funding rounds, Total number of current team members an organization has on Crunchbase, Total number of investment firms and individual investors, This profile is locked. Monzo Bank Limited is a company registered in England and Wales (No. [21], On 17 July 2017, Monzo announced the current account preview and began inviting eligible customers to sign-up for a preview of the full current account. … The number of account holders at the digital-only bank has surged from just 50,000 in September 2016 to 750,000 today. Monzo’s growth over time. [40], In October 2016, Monzo announced an 'interim' funding round valuing the company at £50M and raised £4.8M in the process led by Passion Capital. Read More. The issue arose because PINs were transmitted in the query string of a HTTPS request. The company … [18], Monzo initially traded as Mondo. The people are wonderful and whilst the job provides a big challenge it is balanced out by the lovely people to work with. Reviews from Monzo employees about Monzo culture, salaries, benefits, work-life balance, management, job security, and more. Lists Featuring This Company. Halifax’s redesigned digital card featured a Monzo banking identification number (BIN) and the name of one of its employees. Oliver Beattie VP Architecture. There's one Monzo for "Monzonauts" (software engineers, data scientists etc.) Customers signing up for the current account are issued a Debit Mastercard. Cons - Monzo has become too big to keep giving equal treatment and benefits to all employees. However, that has proven expensive for Monzo, which now claims over 4 million customers, and disproportionate to the number of support requests made during overnight hours (12% of queries, apparently). | At Monzo, we’re building a new kind of bank. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. All content is posted anonymously by employees working at Monzo Bank. The company has also hosted four hackathons[70] and previously maintained a "Monzo Developers" Slack channel for developer discussion and support. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. To show its employees, future candidates, and customers what they’re all about, Monzo recently made their tone guidelines public, along with helpful examples on how staff can get used to the company’s simple and straight-forward approach to communication. [25], On 7 June 2018 Monzo announced an integration with IFTTT which allowed users to connect their account to smart devices and services. Description. Monzo is a digital-only bank platform and marketplace that allows customers to access a range of products and services. challenger financial institution totally on the finish of the month, employees have been knowledgeable earlier right this moment. The start-up plans to hire 3,500 new employees, bringing its total headcount up to 5,000. The quality of customer support has definitely dropped as well - mangers are stretched thin and frontline staff are apathetic. [4] Their most recent financial results issued in July 2020, showed an annual net loss of £113.8M, an increase from the £47.1M lost in the previous year. The scale of the announcement was unprecedented in the world of UK financial technology. Compare pay for popular roles and read about the team’s work-life balance. Benefits information above is provided anonymously by current and former Monzo Bank employees, and may include a summary provided by the employer. Monzo Bank Ltd (/ˈmɒnzoʊ/), is an online bank based in the United Kingdom. [63] Transactions will be auto-categorised based on the company involved in the payment, with data accuracy improved via crowd-sourced suggestions. [78], "The UK's new breed of digital challenger banks", "A new-wave of challenger banks is taking on Monzo and Starling", "Monzo's losses double as popular UK digital bank warns of pandemic uncertainty", "Banking industry primed for a pocket-sized revolution", "The UK's new breed of digital challenger banks: Atom, Mondo, Starling and Tandem - Ranked", "Digital banking: Mondo hopes to become the Google or Facebook of the sector", "GoCardless Founder Tom Blomfield's New Startup Is A "Full Stack" Mobile-First Bank", "App Bank Mondo Crowdfunds £1M In 96 Seconds", "App-only bank Mondo is valued at £30 million in an oversubscribed £6 million fundraise", "Mobile challenger bank Mondo reaches £1m crowdfunding target in 96 seconds, adding to £7m venture capital investment", "Monzo, a UK digital-only challenger bank, granted full banking license", "Mondo, the U.K. banking startup, opens public Beta", "200,000 Customers and £250,000,000 Spent! England Financial Services Companies . [11][12][13], Two weeks prior to the name change, Monzo was granted a restricted banking licence, by the Prudential Regulation Authority and the Financial Conduct Authority and in April 2017 these restrictions were lifted. also its employees. Monzo has made a second cut to its workforce, announcing the redundancies of 120 staff in the UK as the economic strains of the coronavirus crisis continue to weigh on the fintech. "Cumulative number of Monzo bank app downloads worldwide from February 2016 to May 2020, by operating system." … Furlough ensures that employees still get paid even when … The start-up plans to hire 3,500 new employees, bringing its total headcount up to 5,000. ", "Startup bank Mondo is letting customers change its name", "Monzo launches current account preview on Android", "Startup bank Monzo is ending one of its most popular features — unlimited overseas ATM withdrawals", "London gets another fintech unicorn as Monzo reaches £1 billion", "LinkedIn announces top 25 start-ups to work for in the UK", "You can now pay cash into your Monzo account! - Beanbag chairs in the office. First it says that there are a huge number of applicants (which clearly is offending someones intelligence). [71][72], During June 2018, Monzo gained significant public interest after fraud analysts with the bank spotted signs of and publicly announced a Ticketmaster data breach in April 2018, before Ticketmaster had spotted the breach themselves, and two months before Ticketmaster admitted the breach had occurred. - A generous number of holiday days. Monzo (previously Mondo) is a bank for people who live their lives on their smartphones and is targeted at people who want to get things done in a click and who don’t see the need for branches and cheque books. Monzo Bank is a digital online banking service that is mobile-only. [60], Like all card providers, Monzo enforces a range of limits on ATM withdrawals, top-up amounts, single payments and the overall balance on the card. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. Monzo has 22 current team members, including Co-Founder Jonas Huckestein. [34][35] That month the company also launched its loan products for customers. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. I interviewed at Monzo Bank (Cardiff, Wales (UK)). Find related and similar companies as well as employees by title and much more. In February 2016, Monzo set the record for "quickest crowd-funding campaign in history" when it raised £1m in 96 seconds via the Crowdcube investment platform. [46][47], Their valuation fell 40% in 2020, raising a £60M down round in June, valuing the firm at £1.24B. [1] Monzo was one of the earliest of a number of new app-based challenger banks in the UK. The company … [62], Where available, the apps will show a map depicting the location at which the transaction took place, along with the company's logo. Thu, Apr 02, 2020 by Spoke Tech Intel . [41] This round was followed by a second £2.5 million Crowdcube crowd-funding campaign with the total pledged quickly hitting the target amount. [32] In addition to this, the API to create receipts was published by Monzo. [10] The team originally met whilst working at Starling Bank, and then Tom Blomfield was fired from Starling bank. June 3, 2020. Customer operations are no longer listened to, nor are their opinions important, despite them making … To show its employees, future candidates, and customers what they’re all about, Monzo recently made their tone guidelines public, along with helpful examples on how staff can get used to the company’s simple and straight-forward approach to communication. Email Finder Top Companies Company Search People Search Solutions About Us. Monzo Bank Limited is a company registered in England and Wales (No. Monzo customers collectively stashed away £80million in rounded up spare change last year as the smartphone bank's millennial user base got … [42], In February 2017, Monzo raised £19.5M from Thrive Capital, Passion Capital, and Orange Digital Ventures, which it intended to supplement with a crowdfunding campaign for an additional £2.5 million. also its employees. 280 Number of Organizations • $83.6B Total Funding Amount • 3,730 Number of Investors. In addition, a limited number of Monzo’s U.K. employees are being offered voluntary furloughing for two months, as part of the scheme rolled out by the U.K. government to protect jobs during the coronavirus lockdown, which is already impacting many companies — not just Monzo — including several other fintechs I know of. Thu, Apr 02, 2020 by Spoke Tech Intel . All content is posted anonymously by employees working at Monzo Bank. Monzo is an LGBTQ+ friendly workplace who advocate equality and acceptance. [31], On 28 January 2019, Monzo announced a partnership with Flux to add itemised receipts and loyalty points. [2], Originally operating through a mobile app and a prepaid debit card, in April 2017 its UK banking licence restrictions were lifted, enabling it to offer a full current account. By Isabel Woodford 2 September 2020 Getting a job at Monzo or Revolut remains the career highlight of countless engineers; keen to get a piece of London’s ‘sexiest’ startups. [57], Monzo has released mobile apps for both iOS and Android phones. - A generous number of holiday days. But for others, working at Europe’s biggest fintechs has been a stepping stone for wider career ambitions. Description. [19][20] As a result, a naming suggestion contest was organised and the new name, "Monzo", was registered at Companies House under the legal name "Monzo Bank Ltd" in August 2016. [17], On 16 May 2017, Monzo announced that over £250 million had been spent through its prepaid card, between 200,000 customers. Monzo. Interview. [56] These were prepaid Mastercards which the user could top-up via bank transfer or via an existing debit card. Monzo Bank | 182,829 followers on LinkedIn. Monzo has 22 current team members, including Co-Founder Jonas Huckestein. [65], On 29 September 2016, Monzo made the Android app publicly available for anyone in the UK to use. FinTech Companies with Late Stage Venture Funding . Statista. [38], In July 2020, Monzo launched its new premium subscription service, Monzo Plus. and another for those in customer operations. All content is posted anonymously by employees working at Monzo Bank. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. The API allows developers to view transactions and accounts, receive notifications for events via webhooks and create their own items to appear in the app. Share. ", "Monzo teams up with Flux to add itemised receipts and loyalty points", "Monzo admits to storing payment card PINs in internal logs", "Monzo has officially launched loans for its 2.6 million customers", "Monzo is launching one free and one paid business account", "Monzo co-founder Tom Blomfield moves from UK CEO role to president", "Monzo's relaunches its Plus premium offering with Open Banking integrations", "Monzo Plus garners 50,000 users one month after launch", "Monzo Raises 4.8M in Interim Funding Round led by Passion Capital", "App-only bank Monzo's crowdfunding is almost three times oversubscribed after less than 24 hours", "Confirmed: UK challenger bank Monzo raises £19.5M with another £2.5M in crowdfunding planned", "Challenger bank Monzo raises another £71M from Goodwater Capital, Stripe and Michael Moritz", "Monzo, the UK challenger bank, raises £113M Series F led by YC's Continuity fund at a £2B post-money valuation", "Monzo's valuation hits £2bn as the digital bank raises £113m in fresh funding", "Monzo confirms £60M down round, with a new pre-money valuation of £1.24B", "Monzo, the UK challenger bank, picks up additional £60M in funding", "Monzo, Mintos and Bitwala bag fintech funding", "U.K. Digital-Only Bank Monzo Comes To The U.S.", "Monzo Expands Outside the UK, Eyes US Operations | W7 News", "Monzo launches its 'bank of the future' in the US", "Britain's wildly popular Monzo banking app is coming to America", "Mondo selects Wirecard as their prepaid card issuer", "What it's like to use a Mondo card and account", "Breakthrough brands: Monzo, a modern approach to brilliant banking", "Monzo gently rolls out current accounts", "A look inside Mondo, a bank that's just an app", "Government could legislate to ensure open data in banking and other regulated industries by 2017", "The Ticketmaster hack is a perfect storm of bad IT and bad comms", "Our response to the BBC Watchdog report: Why we sometimes have to block or close accounts", "Monzo caught flack for freezing customer accounts without explanation, leaving some without access to their money for weeks", "Monzo says 'no' to refund as thousands are lost to cold-callers", Commercial and retail banks in the United Kingdom, https://en.wikipedia.org/w/index.php?title=Monzo&oldid=1001403838, Financial services companies of the United Kingdom, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 19 January 2021, at 14:55. [53] The company faces a highly competitive and heavily fragmented landscape in the US, with players ranging from tech companies such as PayPal and SoFi to a multitude of traditional banks that are heavily investing in digital platforms. Glassdoor gives you an inside look at what it's like to work at Monzo Bank, including salaries, reviews, office photos, and more. , bringing its Total headcount up to 5,000 or online such companies chip... Offer customers limited or no programmatic access to their financial data [ 44 ] UK technology. Debit cards in operation which it issued to users for testing purposes access a range of other providers that! Company also launched its new premium subscription service, Monzo raised £71 from. Are apathetic itemised receipts and loyalty points products and services Monzo is the best current account in query! The Total pledged quickly hitting the target Amount well at Monzo from the company is well. ( BIN ) and regulated by the end of free Bank accounts is bad news for Monzo 's mobile for. Uk currently offer customers limited or no programmatic access to their financial data s U.S. launch,. From Starling Bank, including insurance benefits, and vacation policy 41 ] this gave... Million. [ 44 ] Jonas Huckestein all of Monzo Bank ( Cardiff, Wales ( UK )! Effect on 18 December 2017 and former Monzo Bank HTTPS request is mobile-only came! Related and similar companies as well as employees by title and much more, competitors revenue... Up for the current account in the world of UK financial technology end of free Bank accounts is bad for... [ monzo number of employees ] as of March 2020, Monzo has 22 current team members 22 Monzo has become too to. And description inside look at company reviews and salaries posted anonymously by working! Receipts and loyalty points under 34 years old quality of customer support has definitely dropped well. 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String of a number of Organizations • $ 83.6B Total Funding Amount • 3,730 number Organizations. - Monzo has become too big to keep giving equal treatment and benefits to employees..., bringing its Total headcount up to 'kill ' change ( Feb-2020 ):! Blomfield: big banks are set up to 'kill ' change ( Feb-2020 ) Source: www.cnbc.com Bank limited a. Is mobile-only customer can connect their account to use scale of the round, closed... Seen as fundamentally important to this ethos founder Tom Blomfield: big banks are set up to 'kill ' (. Location in Greater London, United Kingdom second £2.5 million Crowdcube crowd-funding with... Accounts is bad news for Monzo and its rivals about the team ’ s customers are under 34 years.... And whilst the job provides a big challenge it is balanced out by the Regulation! Million from several Investors in a round led by Goodwater Capital [ ]. 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