Tag: Monzo
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Monzo reports revenue and profits leap
Monzo today reported rocketing revenues and profits, helped by adding three million customers in its financial year. The UK digital bank reported pre-tax profits of £87.3m in the year ending March 2026, a 44 per cent jump on the year, while revenues were up 39 per cent to £1.7bn on the year. The figures were read more
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Monzo to launch in Spain, as ramps up EU expansion plans
Monzo, the UK digital bank, is to launch in Spain, ramping up its European expansion plans, following its exit from the US market. Monzo has set up offices in Barcelona and Madrid, with over 50 employees, and plans to grow the team over the next year, it said. It has also appointed Francisco Sierra, a read more
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Monzo to exit US market
Monzoisclosing its US banking operations after struggling to gain traction in the market, and will instead focus on its core UK and European business. The UK digital bank, famed for its bright coral cards, will stop onboarding new customers and lay off about 50 employees in the US, according to a report in Bloomberg. US read more
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Monzo ex-CEO TS Anil named board vice-chair
Monzo’s former CEO TS Anil has been appointed vice-chair of Monzo’s board, in a shake-up which sees an executive from an existing Monzo investor and a former Y Combinator executive take non-executive board seats. The board reshuffle follows a boardroom battle which saw Anilstep down as CEO of the UK challenger bank amid concerns read more
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Monzo wins European banking licence, as investors agitate for CEO return
Monzo has been given the green lightto expand across Europe, after winning a banking licence. The UK digital bank announced today that it has secured a European banking licence. The winning of the licence comes amid reports that well-known Monzo shareholders are agitating to reinstate the Monzo CEO and push out the Monzo chair. Monzo read more
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