Monzo, the British digital bank, has engaged Morgan Stanley to arrange a fresh private share sale, according to people familiar with the matter. The move comes after the lender raised about $620 million in primary funding in 2024 and was then valued at $5.9 billion in an employee secondary share sale in October 2024. The new transaction would allow existing shareholders and, potentially, new institutional investors to trade stakes in the company ahead of a public offering that the bank has been working towards.
PROFIT AND CUSTOMERS
The bank reported a pretax profit of £60.5 million for the financial year ending March 2025, up from £15.4 million recorded the prior year.
The bank now serves more than 13 million customers in the United Kingdom.
IPO PREPARATIONS
Monzo has been preparing for an eventual initial public offering. Earlier reports in 2025 (Sky News, May 2025) suggested an IPO could value the bank at more than £6 billion.
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