Company details

HEADCOUNT

3000-9999

ORG TYPE

Startup

SECTOR

Finance

WEBSITE

https://www.monzo.com

About the company

Monzo is a London-headquartered digital bank that started in 2015 with a prepaid card and grew into a full current account and broader “money app” offering. The product suite now covers spending, saving, lending and Monzo Flex (buy now, pay later), plus in-app investing features. Monzo launched a pension consolidation product in July 2024, letting customers bring old pensions into a single in-app fund. Recent reporting also links Monzo’s growth to scale hiring and IPO preparation work.

Locations and presence

Monzo is headquartered in London with a major UK footprint (including roles advertised across London, Cardiff and remote UK). Monzo also runs a US team based around New York City and has publicly discussed EU expansion via Ireland.

Palpable Score

70.0

/ 100

Monzo is one of the rare fintechs in Europe with multiple, visible early-career “front doors” and a hiring process that often tells you what the steps look like. The score lands below the very top tier mainly because early-career outcomes are still hard to verify publicly at scale, and some roles rely on take-home work that can feel uneven in effort.

Pillar 1: Early-career access

Score

14.0

/ 20

The company runs a 24-month Kickstarter Programme designed as an early-careers route across four customer-facing teams.
Monzo has advertised paid software engineering internships (for example Summer 2025), which is a practical entry point for students before graduation.
The company’s main live job board is still dominated by mid to senior roles, so early-career access exists but is not the bulk of hiring.

Pillar 2: Hiring fairness and transparency

Score

15.0

/ 20

The company publishes clear application journeys on some roles (including named stages like recruiter call and full-loop interviews, plus an expected timeline).
Monzo has an official blog post outlining how interviews work at Monzo US, including when a take-home task is used versus live coding or walkthroughs.
The company has recurring candidate reports of open-ended take-home tasks for engineering, which can become a time sink if the scope is not tightly bounded per level.

Pillar 3: Learning and support

Score

15.0

/ 20

The company pairs software engineering interns with a mentor and frames the internship around shipping a real customer project.
Monzo advertises a £1,000 annual learning budget on multiple roles, which is unusually concrete and easy for juniors to actually use.
The company’s early-career support signals are strongest in internships and the Kickstarter Programme, but less consistently spelled out across the wider role mix.

Pillar 4: Pay fairness and stability

Score

13.7

/ 20

The company advertises salary ranges for some roles on external job boards (for example People Operations Associate at £34k–£46k plus equity), which helps early-career candidates calibrate.
Monzo offers share options and a published benefits package, which improves total compensation and stability for permanent hires.
The company often uses “salary flexible depending on experience” language on job pages, so pay transparency is uneven across teams and levels.

Pillar 5: Early-career outcomes

Score

12.3

/ 20

The company has a large volume of employee reviews with broadly positive overall sentiment, which is a better baseline signal than most fintechs at this size.
Monzo has public early-career pathways that promise progression after a structured programme, but there is little public data confirming promotion rates, time-to-level, or retention for those cohorts.
The company’s footprint is big enough that outcomes likely vary by function, and the public evidence does not yet let early-career candidates predict where progression is fastest.