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Monzo inches towards high street rivals with major user milestone

Summary by UKTN (UK Tech News)
Challenger bank Monzo has surpassed 12 million customers in a milestone that places the fintech closer to the scale of the high street incumbents.  Founded a decade ago this year, Monzo’s user count means the group provides accounts for around a fifth of UK adults.  Personal accounts make up the bulk of Monzo users – with more than 11 million – while its business accounts are used by a little over 600,000 companies.  “12 million customers now ba…
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UKTN (UK Tech News) broke the news in on Monday, April 21, 2025.
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