Digital bank Monzo posts first full year of profit after more than doubling revenue
Publishing timestamp: 2024-06-03 09:18:29
Summary
Monzo, a British digital challenger bank, reported its first full year of profitability with pre-tax profits totaling $19.6 million and revenues of $880 million, marking a significant increase from the previous year. The company has seen significant growth and achieved a $5.2 billion valuation.
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