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Digital bank Monzo posts first full year of profit after more than doubling revenue - TL;DR CNBC

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.


Sentiment: POSITIVE

Tickers: HSBA-GBBARC-GBHSBC

Keywords: hsbc holdings plcsoftwaretechnologybreaking news: technologyfintechbusiness newsbarclays plc

Source: https://www.cnbc.com/2024/06/03/digital-bank-monzo-posts-first-full-year-of-profit-after-more-than-doubling-revenue.html


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