20VC: Monzo: The Greatest Turnaround in Tech: From £40M Revenues, Layoffs, Downrounds and Low Employee NPS to $1BN in Revenue, Profitable and 10M Customers with TS Anil, CEO @ Monzo

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch · Feb 13, 2025 · 56m

TS Anil is the CEO @ Monzo, where he has been the mastermind behind the greatest turnaround in tech in the last 10 years. When TS took over at Monzo they had £40M in revenue, very little runway, had a 40% down round and had large layoffs and low employee NPS. Today they are at £1BN in revenue, profitable and the UK's largest digital bank with more than 10m customers.

From $40M Revenues to $1BN Revenues and Profitable:

1. What are the most profitable elements of Monzo's business today? How will that change in time?

2. What did TS do with Monzo that he wishes he had not done? What did he not do…