Digital Banking Monzo Next step in developing its investment product, which was launched in 2023, will move assets to SECCLthis octopus– An embedded investment platform owned.

July 2024, Monzo Expand investment options and introduce pension tracking and integration services. Now, in 2025, with more than 300,000 clients leveraging stock and equity ISA and general investment accounts (GIA) as well as pension services, Monzo announced that it will migrate assets to SECCL As it takes over the custody, packaging management and investment services provided by Monzo clients.

Monzo chose SECCL as its new technology partner in January. After successful technology integration, the first batch of assets were placed on a new, SECCL-driven proposition in May. Existing customers are expected to move to SECCL in September, while the new Monzo investment account opened is already powered by SECCL.

Andy is smart“In line with our mission of making money for everyone, we help invest in thousands of customers to make it simple, transparent and affordable. Working with SECCL means we can grow further and introduce more exciting features and tools in the Monzo App to help our customers grow their money.”

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As part of the migration, Monzo introduced a range of new features – starting with a fully digitally accumulated SIPP (clients can make new contributions and consolidate existing pensions) and the ability to trade ETFs.

Black Stone The funds available to Monzo Investments and Pensions customers will continue to be managed.

David FergusonSeccl’s CEO said: “Monzo has become one of the most famous banks in the UK over the past decade. Built around digital travel, which is pleasant rather than reduced (and supported by support on healthy hot corals), it has done its work 10 years ago, which seems impossible: building a bank that you really like.

“We are not even more excited about supporting their support as they continue to bring a bold mission and a great customer experience to the world of investment. Over the past few months, we have been working closely with their teams to seamlessly integrate our technology and get customers up and running on our platform. We look forward to the ease of investing for millions and thanks for this partnership.”