Internship

Software Engineering Internship

Summer 2025

Posted on 10/11/2024

Monzo

Monzo

1,001-5,000 employees

Digital-only banking platform for consumers

Fintech
Financial Services

Compensation Overview

£19.23Hourly

No H1B Sponsorship

London, UK

This role will be based in our London office on a hybrid basis.

Category
Backend Engineering
Full-Stack Engineering
Software Engineering
Required Skills
Data Analysis
Requirements
  • You are completing a degree in Computer Science or another technical field with exposure to programming and are graduating in 2026
  • You enjoy learning about new technologies and have a passion for problem-solving
  • You are available full-time for a minimum of 12 weeks between June and September 2025, we have start dates every two weeks from the 2nd June to align with your holidays.
  • You have the full right to work in the UK with no limitations during the 12 weeks.
  • You can work from our London office on a hybrid basis to collaborate with your team and mentor, as well as attend intern events over the summer.
Responsibilities
  • Writing, testing and shipping code that supports new features for our customers
  • Reviewing code for your colleagues, to pick up any improvements and learn from your peers
  • Working with product managers, designers and data analysts on your team
  • Learning about new technologies, engineering practices and what a full-time software engineering role looks like
  • Proactively seeking out feedback to improve and accelerate your learning

Monzo operates as a digital-only banking platform focused on providing a modern way for individuals to manage their finances. Its main product is a mobile app that allows users to track their income, spending, and savings easily. The app includes features that help users save money, such as automatically setting aside a portion of their paycheck or rounding up transactions to the nearest dollar. Monzo generates revenue through interest on deposits, fees for certain services, and interchange fees from card transactions, as well as offering overdrafts and personal loans. What sets Monzo apart from traditional banks is its real-time balance updates and instant spending notifications, which help users stay informed about their finances. The goal of Monzo is to provide a convenient, mobile-first banking experience that meets the needs of today's consumers.

Company Stage

Late Stage VC

Total Funding

$1.9B

Headquarters

London, United Kingdom

Founded

2015

Growth & Insights
Headcount

6 month growth

8%

1 year growth

21%

2 year growth

61%
Simplify Jobs

Simplify's Take

What believers are saying

  • Monzo's partnership with SignLive enhances accessibility for BSL users.
  • Expansion into Europe in 2025 opens new market opportunities for Monzo.
  • Monzo's 'Team' plan caters to larger small businesses, expanding its business banking sector.

What critics are saying

  • Monzo faces regulatory challenges due to breaches in UK banking regulations.
  • Digital-only services may limit Monzo's appeal to traditional banking customers.
  • Intense competition in the fintech sector could pressure Monzo to innovate rapidly.

What makes Monzo unique

  • Monzo offers real-time updates and instant notifications for transactions via its app.
  • The 'Pots' feature allows users to set aside money for specific purposes.
  • Monzo's gambling block feature helps users control gambling habits effectively.

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Benefits

Competitive salary

Flexible working hours

Work from home

Stock options

32 days of paid vacation and public holidays per year

Health insurance

EAP

Learning budget

Home office stipend

Paid parental leave

INACTIVE