Monzo Bank key facts
Last updated- Legal entity
- Monzo Bank Limited
- Headquarters
- United Kingdom (GB)
- Ownership
- Part of Monzo Bank Limited
- Founded
- 2015
- Data hosting
- United Kingdom
- Infrastructure
- AWS (based on general industry knowledge, though not cited in research content)
- Deployment
- SaaS
- Open source
- No
- US Cloud Act exposure
- Exposed
- Certifications
- Financial Services Compensation Scheme (FSCS) protected
- Replaces
- Barclays Business Banking, HSBC Kinetic, Lloyds Bank Business Banking, NatWest Business Account, Starling Bank Business Account
About Monzo Bank
Monzo Business is the commercial banking arm of Monzo Bank Limited, a prominent UK neobank authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. Designed as a modern alternative to legacy banking, it offers mobile-first current accounts tailored for UK-based sole traders and small-to-medium enterprises (SMEs). The platform focuses on eliminating paperwork and providing real-time financial insights through a seamless mobile and web interface. The service provides essential banking infrastructure including UK account details, Mastercard debit cards, and FSCS protection up to £85,000. Advanced features in its Pro and Team tiers include automated tax calculation and set-aside tools, bulk payment capabilities, and multi-user access with spending limits. While it operates as a fully digital entity without physical branches, it provides 24/7 support and integrates deeply with major accounting platforms to streamline financial operations for over 800,000 businesses.
Alternative to
Target Segments
Deployment Options
Hosting & Security
AWS (based on general industry knowledge, though not cited in research content)