Monzo Bank, a pioneer among the UK's app-based challenger banks, operates from London, England. Initially launched with a mobile app and a prepaid debit card, Monzo transitioned to offering full current accounts in April 2017 after its banking license restrictions were lifted. TS Anil became company's CEO in 2020. Currently, Monzo has more than 9M personal account customers, making it the 7th biggest retail bank in the UK by customer numbers.
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