News

May 31, 2023

Monzo narrows losses slightly as lending book triples

The UK digital bank’s doubled revenues were offset by its increased hedging against loan defaults

Amy O'Brien

3 min read

UK digital bank Monzo more than doubled its revenues to £355.6m in the 12 months to the end of February, as it tripled its lending book and benefitted from a surge in interest rates.

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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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