WASHINGTON, D.C. – The Financial Technology Association (FTA) today announced that Monzo Inc., the U.S. subsidiary of leading UK-headquartered fintech Monzo, has joined the association as its newest member, bolstering FTA’s roster of global market leaders in financial services. Monzo’s mission is to make money work for everyone by creating products and features that break down barriers to financial progress and change people’s relationship with money.
“Monzo is at the forefront of reimagining financial services for the digital age,” said Penny Lee, President and CEO of the Financial Technology Association. “As they expand their presence in the U.S., their insight and experience will be invaluable in advancing policies that support responsible innovation, improve consumer outcomes, and foster healthy competition in financial services.”
“We’re excited to be joining the Financial Technology Association,” said Conor Walsh, U.S. CEO at Monzo. “It’s fantastic to be working alongside other innovators focused on the same thing: building a financial system that actually works for people. As we work on bringing Monzo to more people in the US, we’re looking forward to talking with policymakers to help build a system that’s simple, fair, and puts customers first. That’s what our global mission to make money work for everyone is all about.”
Monzo Inc. is the U.S.-based fintech subsidiary of Monzo Group, which was founded in 2015 and includes Monzo, the UK’s largest digital bank with more than 13 million customers. In the U.S., Monzo is a non-bank financial technology company that provides services including a cash back reward debit card, Savings Jars, connected accounts, and roundups in partnership with licensed, FDIC-insured banks.
Monzo brings deep expertise in delivering innovative, transparent, and accessible financial products and features. The company is growing its footprint in the U.S., simplifying users’ financial lives through intuitive design and co-creating products with customers that solve real-life problems. This commitment closely aligns with FTA’s vision for a more inclusive and competitive financial services landscape.
FTA brings together forward-thinking companies like Monzo that are transforming the financial landscape to better serve consumers, small enterprises, and emerging businesses in the digital age. FTA champions policy solutions that promote responsible innovation, update legacy financial systems, and broaden access, competition, and inclusion across the financial sector.
About FTA
The Financial Technology Association (FTA) is a network of fintech leaders shaping the future of finance. We champion the power of technology-driven financial services to catalyze innovation and advocate for modernized policies and regulations that reflect the digital transformation. To learn more, visit FTAssociation.org.
About Monzo
Monzo is a financial technology company with a mission to make money work for everyone. Monzo offers a range of innovative features centered around a debit card that is designed to help you save. It offers pioneering features such as cash back rewards on its debit card, Savings Jars, connected accounts, and roundups. By integrating spending and saving, Monzo empowers users to grow their money while managing their daily finances.
Monzo Inc., a wholly-owned subsidiary of UK-based Monzo Bank Holding Group Ltd., is a digital financial app that offers personal and joint accounts in the US in partnership with licensed, FDIC-insured banks. Monzo, Inc. is not a bank or FDIC-insured depository institution.