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Ell Major, 25, says she's never been good with money but thanks to her bank's "Round up" feature and various other money-saving methods, she's been able to put away over £4,300

The U.K.’s financial watchdog has apparently dropped a probe into Monzo’s anti-money laundering system. That’s according to an item buried deep in the neobank’s annual report issued Monday (June 3), which notes that the Financial Conduct…

Monzo reported a pre-tax profit of £15.4m for the year to the end of March, compared with a pre-tax loss of £116.3m the previous year.

The digital bank, which burst onto the banking scene in 2015, said it was benefiting from having more customers depositing more cash in their accounts.

British neobank Monzo is planning further expansion as it marks its first profitable year. The company’s annual report, released Monday (June 3), showed its profit before tax at $144 million (£15.4 million) compared to a loss of £116.3m in…

Monzo has announced its 2024 financial results, revealing its first full-year pre-tax profit. The company also confirmed that it’s in the early stages of expanding into the broader European market via a new base in Ireland. The news comes…

Customer deposits soared by 88% to £11.2 billion, with Monzo rolling out more features including cash and stocks and shares ISAs

Industry challenger breaks even for the first time but makes higher provisions for bad loans

Monzo alters its financial year and reports FY 2024 revenue of £880M, 9.7M customers, £11.2B in deposits, and a pretax profit of £15.4M, vs. a loss in FY 2023 — - British digital bank now has almost 10 million customers — Monzo is opening…

The digital bank now has nearly 10 million customers and is preparing to expand across Europe.

Monzo Bank reported its first annual profit after more than doubling its revenue last year, though it made provisions for bad loans worth more than a tenth of its lending book.

Monzo, the British digital challenger bank, on Monday reported its first full year of profitability.

Amsterdam-based digital bank Bunq is limbering up for a UK launch. It was forced to exit the market four years ago due to Brexit regulation.

U.K. neobank Monzo reportedly raised $190 million as it plans to expand overseas. The funding brings the total Monzo has raised to $610 million so far this year, valuing it at $5.2 billion, company officials told CNBC Wednesday (May 8).…