A spokesman for Monzo told AltFi that more than two-thirds of its last million customer sign-ups, which occurred within just eight months, came from outside of London.
Monzo says its average customer has 19 other friends on Monzo with much of Monzo’s growth has come through word of mouth and referrals, with customers inviting their friends to sign up.
AltFi Toronto Summit 2019
AltFi is coming back to Toronto following on from a highly successful event last year. We'll again be bringing a high profile international showcase of speakers from the leading fintech and alternative finance leaders.