Analysis

August 7, 2020

Monzo’s annual results: the good news and the bad news

There was some good news amid the gloom for Monzo.


If the executive team of Monzo were watching social media on the day the digital bank released its annual results — which showed a painful doubling of losses to £115m — they would have had another reason to be worried.

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Courtesy of Sanjeev Kumar. Contribution margin is synonymous here with unit economics.
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