TECH News

UK Neobank Reports First Full Pre-Tax Profit

Monzo, a prominent UK-based neobank, has achieved a significant milestone by announcing its first full-year pre-tax profit in its 2024 financial results[1]. This achievement is particularly noteworthy given the challenges faced by the fintech industry, which has experienced a drop-off in investment, prompting Monzo to prioritize profitability over rapid expansion[2].[…]

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