How much does it cost to
build an app like Monzo?

SovTech specialises in mobile app development, iOS, Android, hybrid technologies and progressive web apps.
 

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Why choose SovTech for your bespoke app development?

SovTech is an award-winning software and mobile app development company. With over a decade of engineering experience, along with over 200 tech professionals, we are experts in building custom mobile applications for any business, in any industry.

Our multidisciplinary teams, comprising tech-enthusiasts with elite and varied development expertise, are geared towards building scalable products that service growth-focused businesses. We strive to deliver bespoke solutions that innovate using cutting edge technologies and cloud software at competitive and flexible rates.

Monzo app logo

What is Monzo?

Monzo was one of the first of a slew of new app-based challenger banks to launch in the United Kingdom. Initially only accessible via a mobile app and a prepaid debit card, the company’s UK banking license restrictions were relaxed in April 2017, allowing it to offer a full current account. Monzo had over 4 million customers as of March 2020.

The History of Monzo

Monzo was one of the first of a slew of new app-based challenger banks to launch in the United Kingdom. Initially only accessible via a mobile app and a prepaid debit card, the company’s UK banking license restrictions were relaxed in April 2017, allowing it to offer a full current account. Monzo had over 4 million customers as of March 2020.

Features

Sass

Paying super easily

If you have Monzo, you can pay any of your contacts who have it too. And in just a few taps.

Sass

Split bills without the faff

Monzo makes it easy to split the bill at dinner or go in on a group present. We’ll help you work out how much everyone owes, and your friends can pay you back in a few taps.

Sass

Save your spare change

Turn on ‘round-ups’ to automatically save your spare change into a Pot.

monzo-mockup-800x600

Platforms

Use Monzo on these platforms:

Web

iOS

Android

Tech Stack

Monzo is built using this tech stack

Cloudflare

Node Js

React

Java

Cost of building an app like Monzo

£65 000

 

Benefits of custom over off-the-shelf software​

While off-the-shelf software might be cheaper to set up, custom app development can be uniquely tailored to meet your specific business needs. Bespoke software is high-quality, built by a team of expert professionals, offering you better and more features than the limited features that are available with generic software.

Our Partners

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Clients Around The World
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Projects Delivered
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Examples of our work

Sureswipe mobile app mockup
MTN mobile app mockup
sola energy software platform by sovtech

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