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.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tweddlr

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