Monzo, one of the UK’s largest digital banks, has continued its rapid expansion, racing past 14 million customers following a record 2 million sign-ups in the six months to September 2025, according to Fintech Global.
The latest wave of growth comes as Monzo responds to rising demand for intuitive financial tools across both personal and business banking. The bank said the surge reflects a broader trend of customers seeking simpler, more transparent ways to manage their finances.
A key driver behind this momentum is Monzo’s fast-growing business banking proposition. The digital bank has now surpassed 800,000 business customers – equivalent to one in seven SMEs in the UK – after business sign-ups rose roughly 50% year-on-year. To support this momentum, Monzo will soon introduce a new tax filing tool enabling sole traders and landlords to submit tax returns directly to HMRC through their Business account.
New and existing customers continue to engage with Monzo at record levels, with around 70% of customers using the bank monthly. Over one million personal customers now subscribe to paid plans, securing improved budgeting tools, preferential savings rates and benefits including weekly Greggs rewards and monthly Vue cinema tickets.
Launched in 2015 as one of a wave of challengers taking on the traditional high street giants, Monzo is now the UK’s biggest digital bank, topping £1.2 billion in revenue in 2024.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
