News

January 30, 2023

Monzo revenues surge more than twofold, putting it on track for 2023 profitability

It’s a sharp turn of fate for the fintech, and a sign that Europe’s neobanks may finally be learning how to convert app downloads into revenue


Amy O'Brien

2 min read

TS Anil, the CEO of Monzo, which is reportedly in M&A talks with smaller neobank rival Lunar.

UK digital bank Monzo experienced record revenue growth in 2022, setting it on course to achieve annual profitability by the end of 2023, according to an investor update seen by Sifted. 

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Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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