Reported 2 days ago
British digital bank Monzo has achieved record revenue exceeding £1 billion ($1.35 billion) and a significant annual profit increase, with customer numbers rising by 25% to 12.2 million. Founded in 2015, Monzo is seeking to expand in Europe and the U.S. while contemplating a future IPO. The bank reported a pretax profit of £60.5 million for the year ending March 31, 2025, marking its first profitable year amidst ongoing regulatory investigations.
Source: YAHOO