Digital bank Monzo sizes up IPO

By Emily Nicolle on 15th November 2017

Challenger Banks

The London-based bank is looking to the future in a big way with its latest hint.

Digital bank Monzo sizes up IPO

In an advertisement for a new Chief Financial Officer, Monzo has let on about its plans for an IPO within three to four years time.

The posting, published today on Monzo’s job site, says:

Alongside the CEO, you'll be heavily involved in future capital raising - pitching to investors and negotiating the best terms. In the next 3-4 years, it's likely you'll be responsible for taking the company through an IPO.

It’s a sign that the bank is preparing to hit the big time, as it has previously mentioned aims for US, European and Asian expansion outlined as part of its ultimate ambition to achieve 1 billion users.

It appears alongside another vacancy for a headline position as Chief Product Officer, indicating a minor switch up in the Monzo leadership.

The news comes as the digital bank recently celebrated securing a total of £71m in its latest fundraising round, through a combination of new and old investors.

As the rolling out of its new current account gets firmly underway with users who weren’t part of the initial preview being invited to participate this week, it’s clear that Monzo is setting itself up for an exciting 2018.


AltFi Amsterdam Summit 2018

AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.

5th November 2018

Companies in this Article: