Monzo, a London-based digital bank, is aiming to be ‘IPO ready’ by the end of 2025, the Financial Times reported on Tuesday.

However, the fintech firm’s chief executive and board are split over whether to pursue the initial public offering in New York or London, with CEO TS Anil favouring the US and the board the UK, the newspaper reported, citing ‘people familiar’ with Monzo’s plans.

There is not yet an agreed timeframe for the IPO, but Monzo wants to be ready for when market conditions are a favourable, the people told the FT. One person close to the company said Monzo was more likely to list in 2026, the newspaper said, while Monzo itself declined to comment.

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