How it started
2015–2017: Early growth
Monzo Bank was founded as Mondo in 2015 by Tom Blomfield and his team. The team originally met whilst working at Starling Bank. In February 2016, Monzo set the record for "quickest crowd-funding campaign in history" when it raised £1 million in 96 seconds via the Crowdcube investment platform.
On 15 May 2016, Monzo was named the 59th top startup in Startups.co.uk's annual Startups 100 ranking.
On 13 June 2016, a company blog post announced that the "Mondo" trademark had been legally challenged by an undisclosed company with a similar name. As a result, a naming suggestion contest was organised and the new name, "Monzo", was registered at Companies House under the legal name "Monzo Bank Ltd" in August 2016.
On 16 May 2017, Monzo announced that over £250 million had been spent through its prepaid card, between 200,000 customers.
2017–present: Scaling up
From Wikipedia’s article on Monzo, shared under CC BY-SA 4.0.3