Loading...
Market
How many new products or services will Monzo launch in 2024?
4
Resolution / Starting Odds
No new products • 33%
1-2 new products • 33%
More than 2 new products • 34%
Official announcements from Monzo and news reports
Story
Monzo Reports First Full Year of Profit with £15.4M Profit and Revenue Surge
Jun 3, 2024, 08:26 AM
British digital bank Monzo has reported its first full year of profitability, marking a significant milestone for the fintech company. The bank achieved pre-tax profits of £15.4 million ($19.6 million) and saw its revenue surge to £880 million. This turnaround comes after Monzo posted a £116.3 million loss last year. The substantial increase in revenue and profitability underscores Monzo's successful efforts in expanding its customer base and enhancing its financial services. Monzo's first annual profit highlights its growth and resilience in the competitive digital banking sector.
View original story
Similar markets
1-3 new products • 25%
4-6 new products • 25%
7-10 new products • 25%
More than 10 new products • 25%
0-5 products • 25%
5-10 products • 25%
10-20 products • 25%
More than 20 products • 25%
Electric Car • 33%
Battery Product • 33%
Other • 33%
No new plans • 25%
1-2 new plans • 25%
3-4 new plans • 25%
More than 4 new plans • 25%
New Model of Electric Car • 33%
Autonomous Driving Technology • 33%
Energy Storage Solutions • 33%
None • 25%
One • 25%
Two • 25%
Three or more • 25%
0 • 25%
1-2 • 25%
3-5 • 25%
More than 5 • 25%
Addition of more than 5 new cryptocurrencies • 25%
Addition of 3-5 new cryptocurrencies • 25%
Addition of 1-2 new cryptocurrencies • 25%
No new cryptocurrencies added • 25%
None • 25%
1 - 2 features • 25%
3 - 4 features • 25%
More than 4 features • 25%
New iPhone model • 25%
New MacBook model • 25%
New wearable device • 25%
New service offering • 25%