Monzo news – Monzo’s COO, Sujata Bhatia, is Leaving After Five Years with the Company

She said: “There’s never a good time to leave a company that’s on a tear and has some of the best and smartest people driving it forward, but in many ways, that’s exactly why it feels like the right time. I couldn’t be prouder of what we’ve achieved as a company over the last five years.”

Bhatia, who used to work at American Express, highlighted some key achievements at Monzo during her time there, such as the bank becoming profitable for the first time in a full year.

Read also - Pixel Photonics funding news – Munster-based DeepTech Startup Pixel Photonics Secures €1 Million in Funding

She also praised CEO TS Anil for his exceptional leadership. Bhatia, part of it’s executive team, didn’t share what her next plans are. Before joining Monzo, Bhatia worked at American Express for nearly 16 years in senior roles.

Anil said: “Sujata has been an incredible force over the past five years and I’d like to pay a special thanks to her for everything she’s done to help build Monzo into the success it is today. She leaves with all our love and gratitude as she embarks on her next chapter.”

It now has over 10 million customers and is valued at $5.9 billion. It plans to expand into the EU next year.

About Monzo

Monzo is creating a new type of bank, designed for smartphones and how they live today. Founded in early 2015, its goal is to build the best bank account in the world. In August 2016, it became a regulated bank, and now has a team of over 2,000 people working from its London headquarters and remotely around the world.