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…
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…
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.
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).…
Monzo has raised another £150 million ($190 million), as the challenger bank looks to expand its presence internationally — particularly in the U.S. The new round comes just two months after Monzo raised £340 million ($425 million),…
Marcus Aurelio Arduini Monzo (pictured) is accused of murdering 14-year-old Daniel Anjorin moments after the boy left his home for school in Hainault, east London, on Tuesday, April 30.