Monzo is a London-based digital-only bank platform that is changing the nature of how banking is provided in the UK by addressing the core frustrations of poor service, low trust, and onerous fees frequently experienced with traditional banks. Through an engaging user experience and a product that supports financial wellbeing, the company is reshaping consumer banking at a time when regulations such as Open Banking are creating new opportunities for challengers and choice for customers.Accel co-led the October 2018 investment round, backing Tom who we first worked with at GoCardless.