Monzo estimated customer growth 2018-2025

Published by Statista Research Department, Nov 27, 2024

Monzo, a pioneering digital bank based in the United Kingdom, offers current accounts to individuals, limited companies, and sole traders. Between 2018 and 2024, the bank experienced consistent growth in its customer base, reaching a notable milestone of 9.7 million customers in March 2024. Based on its current growth trajectory, Monzo is projected to expand its customer base to approximately 14 million by the end of 2025.

Estimated monthly customer growth of Monzo Bank from 2018 to 2025 (in millions)

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Release date

2024

Region

United Kingdom

Survey time period

February 2018 to November 2024

Supplementary notes

Figures have been estimated by Statista using customer milestones announced in annual reports. The last officially announced customer count was 9.7 million, announced in March 2024. Slight deviations from the officially announced numbers may occur, as the exact days and customer numbers are unknown. 

Previous customer counts announced by the bank include: 

  • 7.5 million in May 2023
  • 6 million in March 2022
  • 5million in February 2021
  • 3.9 million in February 2020
  • 2 million in February 2019
  • 750,000 in February 2018

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