Staff Backend Engineer
OpenSea- Full Time
- Junior (1 to 2 years)
Monzo is on a mission to make money work for everyone, moving away from complicated traditional banking. Starting as a prepaid card, Monzo has expanded significantly over the last 10 years in the UK. Their product offering now includes personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards in the UK, with future developments planned. UK customers can also access savings, investments, and pension combining services. Known for their distinctive hot coral cards, early payday feature, financial education on social media, and award-winning customer service, Monzo aims to create magical moments for their customers by solving problems and changing lives, rather than just selling products.
Digital-only banking platform for consumers
Monzo operates as a digital-only banking platform focused on providing a modern way for individuals to manage their finances. Its main product is a mobile app that allows users to track their income, spending, and savings easily. The app includes features that help users save money, such as automatically setting aside a portion of their paycheck or rounding up transactions to the nearest dollar. Monzo generates revenue through interest on deposits, fees for certain services, and interchange fees from card transactions, as well as offering overdrafts and personal loans. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help users stay informed about their finances. The goal of Monzo is to provide a convenient, mobile-first banking experience that meets the needs of its growing customer base, which has surpassed 8 million users.