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Monzo revenue leaps 48% as customers adopt new financial services; 33% of customers used it as their primary bank

June 3, 2025 //  by Finnovate

British digital bank Monzo grew during its fiscal year 2025 as customers adopted more of the growing number of financial services it offers. Compared to its previous fiscal year, Monzo increased its revenue by 48% to 1.2 billion pounds (about $1.6 billion), its customers by 25% to 12.2 million, and its customer deposits by 48% to 16.6 billion pounds (about $22.5 billion). The company’s revenue growth was seen across its business, especially in business banking, CEO TS Anil said. Anil said that the revenue growth has been supported by more business and personal customers bringing “more and more of their financial lives to us,” as evidenced by the growth in customer deposits and the fact that 33% of Monzo’s customers used it as their primary bank. Monzo launched more new products than ever before during its most recent fiscal year. These include accounts for Under 16s (U16), or children aged 6 to 15, which are linked to a parent’s or guardian’s account; pensions; and new subscription plans that offer a range of added benefits.

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Category: Members, Innovation Topics, Neo-Banks & Challengers

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