London born challenger bank Monzo exists purely through the Monzo iOS and Android smartphone apps, and has built a loyal customer base surpassing 3 million users last year. Instantly recognisable by the ‘hot coral’ physical card, Monzo rewrote the traditional banking user experience and capitalised on the shifts reshaping the industry.
Why we like it
The Monzo user interface design is clean and intuitive but distinctive with a range of great money management features. From breaking account spending down into a simple pie chart, in-app customer service, the ability to freeze your card with a tap, real-time push notifications, spare change saving pots and effortless peer-to-peer payments.