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Monzo - A Case Study Competitor Analysis for Wavvy Wallet


  1. Monzo Website

What Is Monzo?

Monzo Bank Ltd, is an online bank based in the United Kingdom. Originally operating through a mobile app and a prepaid debit card, in April 2017 its UK banking licence restrictions were lifted, enabling it to offer a full current account.

What they offer?

  • 🎟️ : A handy alternative to a credit card.
  • 🎟️ : Pay later with pretty much anything.
  • 🎟️ : A Monzo bank account.
  • 🎟️ : Open an account in 15 minutes.
  • 🎟️ : Organise your money in pots.
  • 🎟️ : See your money in a whole new light with trends.
  • 🎟️ : Interest on your money.
  • 🎟️ : Personalised budgeting.
  • 🎟️ : Save and earn in a fixed savings deposit (2.5%)
  • 🎟️ : Get instant notifications the second you pay. Set budgets for things like groceries and going out, and get warnings if you’re spending too fast (if you want them).
  • 🎟️ : We offer overdrafts up to Β£2,000 and loans up to Β£25,000. Checking if you're eligible won't leave a mark on your credit score, there are no lengthy forms to fill in, and no charges for paying us back early.
  • 🎟️ : Cutting-edge technology, FSCS protection and 24/7 support if you need us urgently. Just a few of the reasons over 6 million customers trust us to keep their money safe.

Other Competitors

  1. Chumz
  2. Route Money