The bank also highlighted the growth in popularity of home-delivery veg boxes in London as former commuters worked from home. It said: “Interestingly, Oddbox fruit and veg box delivery came in seventh, demonstrating the popularity of grocery delivery during the year when people spent a larger portion of time at home.”
Looking nationwide, Monzo found its savers squirrelled away £80million as the pandemic cut everyday costs.
The bank is a UK fintech success story which has managed to rack up 5 million customers.
It was founded in 2015 and rose to popularity in part due to the card’s ability to be used charge-free when travelling outside the UK, and in part because its app is billed as an easy way to keep on top of spending. In the year to February 2020 it made more than £67 million in revenues, but saw losses rise to £113.8 million from £47.1 million.
