Monzo
UK digital bank, cloud-native on AWS since day one and regulated by the FCA/PRA. Caveat: it is UK-only, with no EU entity or EU banking licence, and post-Brexit both the bank and its AWS hosting sit under UK jurisdiction rather than the EU.
Quick facts
Why does it score 41?
Monzo is headquartered in London and operates UK-only, with no EU entity or passported EU banking licence following Brexit.
Monzo is venture-backed, including by Accel, General Catalyst, Passion Capital, and Tencent, with no single controlling parent.
Monzo has been built cloud-native on AWS since launch, hosted in the UK region.
Monzo isn't open source and hasn't published independent audits.
See how they compare
MonzoWhat does it replace?
Paypal More European Payments & banking alternatives
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