Digital bank Monzo hits £1bn as UK market grows but boss talks down London listing

By DAILY MAIL CITY & FINANCE REPORTER

Updated: 22:00 BST, 2 June 2025

Monzo revenues have topped £1billion for the first time following a boom in customer numbers.

Chief executive TS Anil said the digital bank was ‘just getting started’ after sales grew 48 per cent to £1.2billion over the 12 months to March 31.

Monzo welcomed 2.4m customers, bringing its total base to more than 12m clients – making it the UK’s largest digital bank and the seventh-largest overall.

Profits hit £60.5million, some four times higher than a year earlier, as the fintech firm reaped the rewards of new paid subscription plans.

About 1m customers pay for a subscription, which offers perks with retailers including Greggs and Vue, as well as phone and travel insurance. Anil however, dashed hopes that the bank – founded in 2015 and which employs 3,700 staff – will list on the London stock market anytime soon. 

‘He said such a move ‘is not something we’re focused on right now’.

Growth: Monzo chief exec TS Anil (pictured) said the digital bank was ‘just getting started’ after sales grew 48% to £1.2bn over the 12 months to March 31

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Digital bank Monzo hits £1bn as UK market grows but boss talks down London listing

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