Tag: profits
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Starling’s SaaS business sees revenue lift but group profits dip
Starling Bank has reported a drop in profits and revenues, but said revenues at its SaaS subsidiary surged, according to its latest set of financial results. The UK challenger bank, which has over six million customers, reported that pre-tax profits fell three per cent to £217m while revenues fell from £940m to £887m in the read more
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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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Vinted’s revenues top €1BN but profits slide
Vinted, the second-hand marketplace unicorn, today said its revenues topped€1bn last year, but profits dipped nearly 20 per cent, as it took a financial hit from its investments. Financial figures for Vinted Group, which includes its coresecond-hand marketplace Vinted, shipping service Vinted Go, and Vinted Pay, its payment platform, show revenues came in at €1.1bn read more
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OakNorth reports nudge up in profits, delays net zero target by 10 years
OakNorth, the UK challenger lending bank, has reported anudge up in year-on-yearpre-tax profits in 2025 from £215m to £223m, helped by US growth. The SoftBank-backed bank, however, delayed its net zero target by ten years. OakNorth said itnow hopes to reach its net zero target in 2045, not 2035, as it set out in 2022. read more
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