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 helped by adding three million customers in the year and increasing customer deposits, Monzo said.
Monzo, which has over 15.2m customers, highlighted the diversity of its revenue streams, saying that it has four income streams over £300m, which are current account balances, borrowing, payments, and wealth.
Monzo, which is making a push across the EU, said it now holds £25.7bn in customer deposits, up 55 per cent year over year.
