Monzo Milestones: £100 Million Spent By 100,000 Users

Crowdcube #FundedClub member Monzo announced it not only surpassed 100,000 users, but the users have also successfully spent £100 million. While sharing details about the 100,000th user, Monzo stated:

“This year has been pretty exciting so far and today is no exception. We’re proud to announce we’ve just reached 100,000 users! It’s great timing, our 2nd birthday is just round the corner and we’re close to reaching £100,000,000 spent on Monzo cards too.  The honour goes to Robbie Mecrow from Nottingham. He’s officially our 100,000th user and we’re very proud to share this achievement with him! He joined Monzo after hearing about the instant spending notifications and fee free transactions abroad. Welcome to Monzo Robbie!”

The company then added:

“A huge thanks to the other 99,999 of you! Heaps of praise goes to our wonderful team who have packed and sealed every single card, by hand, here at Monzo HQ.”

Monzo (formerly Mondo) hit the spotlight last summer when it secured £1 million through its equity crowdfunding campaign on Crowdcube in 96 seconds. Following the funding success, the company declared itself a licensed bank. 


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