British digital bank has raised 340 million pounds ($431.26 million) at a 4 billion pound ($5.07 billion) valuation, the company said in a statement on Tuesday. The round was led by CapitalG, a ...

Monzo Bank reported its first annual profit after more than doubling its revenue last year, though it made provisions for bad loans worth more than a tenth of its lending book.

Still, Monzo’s results are one more ray of warm sunshine for this particular subsector of the beleaguered fintech market. And in 2023, all bits of good news are welcome. Topics ...

Monzo reported revenue above 1 billion pounds ($1.35 billion) for the first time and a sharp rise in annual profit on Monday as the British digital bank increased customer numbers.

Monzo, which said it became profitable in March 2023, said it would use the funds to expand and introduce new products. The company was valued at $4.5 billion in late 2021 after a previous funding ...

Monzo Bank reported its first annual profit after more than doubling its revenue last year, though it made provisions for bad loans worth more than a tenth of its lending book. The British mobile bank ...