Monzo Bank is a digital bank based in the United Kingdom, known for its mobile app-based banking services that cater to tech-savvy customers. It generates revenue primarily through premium account subscriptions, overdraft fees, and interchange fees from card transactions. Founded in 2015, Monzo quickly gained popularity for its user-friendly interface and innovative features like real-time spending notifications and budgeting tools. The company has been a pioneer in the fintech industry, emphasizing transparency and customer-centric services, and has expanded its offerings to include business accounts and loans.