Monzo, Starling and Revolut: The Challenger Banks Growing Up

All three banks have established a foothold in the UK, but none have ever recorded a profit. Once the funding dries up, which will survive?

Monzo and Revolut users deposit on average of £300–350 per month, while Starling customers deposit over £1,000.

While it was a cool app a few years ago, Monzo hasn’t had the cultural impact of Venmo in the US — it hasn’t become a verb.



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Analyst at Business of Apps. Previously RT Insights, Digital Trends, ReadWrite. Leeds and Lincoln Uni alumni