Work at Monzo
Everything you need to know about Monzo to see if it is the right fit for you.
Overview
About Monzo
Monzo is the new way to manage your money. Know how much you spend, see ways on how you can save money and invest with confidence. Monzo was founded in 2015, and since then, it has grown from a simple prepaid card to a full-service bank serving millions of customers.
Why Join
Our Take
We have been Monzo customers for years and have always loved their beautiful, simple app UI. We believe their product has a positive impact on millions of customers, motivating them to be more conservative with their spending and helping them save money. Monzo, as a company, has consistently grown over the past 10 years and is known for its strong company culture, generous benefits, and leadership that strives to be truly transparent and cares about its colleagues. It is a company that helps you advance your career and grow as a professional, working with great teams. If you like to join a thriving, upcoming bank and help millions of customers lead a financially sound life, Monzo gives you the opportunity to push ahead.
What to Expect
Statistics
Company Size
Founded in
Headquarter
Mission
Company Mission
Monzo makes money work for everyone
Problem They Solve
Traditional banking is slow, expensive, intransparent and inaccessible.
Who their customers are
They are most famous for their B2C solution, but they also offer business banking with over 800,000 businesses banking with them.
Long-term vision
"We are here to make money work for everyone"
Team
What Employees Say
"It does truly feel like we are trying to solve pertinent problems in people’s lives, their ability to achieve more and be better with their money. I feel very priviledged to be a part the mission here at Monzo."
Leadership
Led by Diana Layfield (CEO), a veteran with background at Standard Chartered Bank and Google, bringing a deep understanding of leading both finance and tech titans.
Founder-led?
No, professional management leads the company.
Do I Feel Safe at Work?
Monzo has a strong focus on psychological safety, emphasising transparency, being hard on problems, not people, and encouraging people to put their hands up if they make a mistake. They emphasise putting away the ego, which helps to alleviate toxic situations.
Work Reality
Onboarding
One week of a well-structured onboarding process with fellow new joiners. The onboarding process covers a lot of useful things and is set up to help joiners succeed, from setting up their laptops to essential staff policies, from completing mandatory training (as a bank, this is super important) to learning about the tools and tech they will be using day to day.
What Employees Say
"From day one, I got stuck into interesting projects and the work hasn't been easy but my role is collaborative and I learn so much from other people at Monzo."
How Success is Measured
Output-based OKRs, which are reviewed quarterly.
Communication Style
This depends on the team, but as they are big fans flexible working, they usually have virtual meetings and slack to text.
Growth
Promotions
Proactive pay increases and performance reviews to reflect the growing responsibilities you will face.
L&D Support
£1,000 learning budget (ex. books, trainings or conferences). Also, they use regular knowledge-sharing sessions with your “squad” and have a library of industry-related books that you can borrow at any time.
Internal Mobility
Flexible culture for internal transfers. Engineers frequently move between "squads" (ex. from Payments to Borrowing) or transition into management roles.
Average Tenure
3.1 years (above industry average for fintech scale-ups)
Benefits
Work Flexibility
- If you are not in customer operations, you are time-flexible
- Remote-first with office access
Compensation
- Competitive salary
- Stock options
- Proactive pay increases
Health & Insurance
- Life insurance (4x your base salary)
- Mental health support
- Pensiom scheme from 4% up to 6% employer contribution
Family Support
- Paid maternity, paternity, adoption
- 26 weeks full pay maternity leave
- Fertility treatment support
Professional Development
- £1,000 annual learning budget
- 10% time for side projects
- Conference attendance
Leave & Time Off
- 26 days holiday + bank holidays or 34 days without bank holidays
- 1 month of unpaid leave yearly
- 8 weeks of paid sabbatical for every 5 years
Jobs at Monzo
No open positions right now. Check back soon!
Frequently asked questions
Have more questions? Get in touch with Frederic, Founder of RemoteCorgi.
- Does Monzo offer remote work options?
- Yes, Monzo is a remote-first company with flexible work arrangements. Depending on your role, you are able to choose to work from home or the office as needed.
- What benefits does Monzo provide to employees?
- Monzo offers comprehensive health insurance, a generous pension scheme, great vacation policy (34 days), and wellness programs including private healthcare cover.
Disclaimer: We have taken great care to ensure the accuracy of the data presented in this Work at Monzo profile. However, company statistics, ratings, and benefits can change rapidly. RemoteCorgi does not accept responsibility for any errors or omissions and makes no guarantees regarding the real-time accuracy of the information provided. By using this resource, you agree not to hold RemoteCorgi liable for decisions you made based on this content. We recommend verifying specific details directly with the company and contacting us if you spot any outdated information.
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