Monzo is a digital bank founded in 2015 with the mission to "make money work for everyone." Initially launched as a prepaid debit card service under the name Mondo, it gained a full UK banking licence in 2017 and rebranded to Monzo. The company operates entirely through its mobile app, aiming to provide a transparent, user-friendly, and modern alternative to traditional high-street banks. Its core services include personal and business current accounts, savings pots, overdrafts, and personal loans, all managed through a feature-rich mobile interface.