News

June 3, 2024

Monzo reports first full year profit as revenues more than double

The UK neobank posted a pre-tax profit of £15.4m for the 2023 financial year

Tom Matsuda and Amy Lewin

3 min read

UK digital bank Monzo has posted its first full-year profit as high interest rates and a growth in subscriptions buoyed revenues.

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Tom Matsuda

Tom Matsuda is a fintech reporter at Sifted and writes our weekly fintech newsletter. Find him on X and LinkedIn

Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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