20,000 new customers are signing up for Monzo every week, and the bank sends out thousands of new hot coral cards each day. Monzo now accounts for 15% of all new current account openings in the UK.
Tom Blomfield, CEO of Monzo said: “Our community of customers now extends across the UK, and I’m so grateful that more than a million people are helping us build a better bank. But our mission is to make money work for everyone, so this is only just the start!
“We’re working hard to earn our customers’ trust by building a product that solves people’s problems, giving them brilliant customer service, and being totally transparent every step of the way. This milestone shows that there’s real, mainstream appetite for a bank that’s doing things differently.”
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