Anil, a 25-year financial services veteran with stints at Standard Chartered, Citi and Capital One behind him, will join Monzo as US CEO early next year.

Monzo launched an initial beta roll-out in the US in August, working with 1000 customers to gather feedback on what it says will be a bespoke product for the American market, where it has a 20,000-strong waiting list.

Anil will initially focus on hiring across product, operations and technology, major strategic initiatives and leading US regulatory engagement.

Says the new US chief: "Over the last five years I have watched Monzo’s journey from small UK start-up to fully-fledged bank with over 3 million customers.

"Joining Monzo as US CEO is a fantastic opportunity to help recreate that magic in the US, and I’m delighted that I’ve been given the chance to be part of a team building the bank of the future in a market as large and exciting as the US."