Monzo profile

Interest, subscriptions, card activity and other services support the business.

Monzo: GBP 1.70 billion revenue in the year ended 2026-03-31. Group/company figures.

Monzo reported £172.6 million adjusted profit before tax in FY2026, alongside £1.7 billion revenue. This is a pre-tax measure rather than net income.

Privately held; no public share price. Monzo’s digital bank combines customer deposits, lending and subscriptions. Its financial reporting describes a banking business, not just the visible budgeting interface.

Paid plans, lending, interest income and a broader banking relationship support growth beyond the original spending account.

Monzo uses machine learning for fraud, financial crime and personalisation. Its 2026 work combines language models with predictive models in customer conversations around risk.

Monzo develops models around its banking data and operational context, combining different AI methods for different tasks.

Monzo describes identity, account, payment, device and usage information, including stated advertising and AI uses. Its notice says information is generally kept for ten years after closure, with longer periods in some cases. Data rights, marketing controls and regulated retention are different issues.

Bank teams, customer conversations and automated systems work together on flagged activity and support.

Choose which goals and notifications help, review account permissions and keep promotional prompts separate from practical account alerts.

20/25 points

Monzo publishes a detailed customer notice and routes to data rights and review of certain automated decisions. Its clear app presentation does not mean that closing an account immediately deletes financial records.

15/25 points

Monzo describes identity, account, payment, device and usage information, including stated advertising and AI uses. Its notice says information is generally kept for ten years after closure, with longer periods in some cases. Data rights, marketing controls and regulated retention are different issues.

15/25 points

Convenient budgeting tools do not change the terms of borrowing or savings products.

20/25 points

Choose which goals and notifications help, review account permissions and keep promotional prompts separate from practical account alerts.

Comparison priority: the core account, paid-plan benefits and useful money tools. A financial app earns its place by supporting routines you can sustain.

A growing Pot, clearer spending picture or resolved task rewards another useful account interaction.

Transaction alerts, budgeting updates and reminders make money activity visible promptly.

Pots, scheduled transfers and categorised spending reduce the work of organising money.

Shared tabs, bill splitting and joint-account features connect the account with real relationships.

Budgets and savings goals create self-chosen boundaries. Approaching a target or limit makes a change in balance more noticeable.