Monzo’s Metamorphosis: Neon Dreams, Regulatory Reality, and the IPO Horizon
Monzo became profitable in 2024 and now serves over 11 million people. Monzo began in 2015 with bright neon cards and a supereasy banking app, quickly winning over millions in the UK. Against tough odds and lots of doubts, the bank is thinking about going public, but can’t decide between a London or New York stock market listing. Monzo’s journey wasn’t all smooth—there were leadership changes, regulatory challenges, and tough questions about making money. Still, its mix of cool tech and friendly service turned Monzo from a hipster fad into a banking powerhouse, and now everyone’s watching to see what happens next.